Diversified Oil and Gas Holdings (DVFI)

[rldurbin]

I'm curious if the drop in crude price and natural gas has thrown LOI negotiations back to the drawing board. If the deal was based on $70 crude and $7 natural gas who knows where its at. If the deal falls thru then the rise in A/S can be used for dilution to cover cash shortfalls for company survival. I don't know $4.50 natural gas can cover production costs on existing wells.

We'll see. I think they're over their head here.