Diversified Oil and Gas Holdings (DVFI)

[Imperial Whazoo]

hey spiras -

If they are both in the wells as WI owners (or ORI or PP or RI... who can say), doesn't this agrue against a reverse merger?

Or does the fact this was done thru WWNG tell us that BIGN is soon to disappear?

Have you seen my posts on the possibility that the 32 wells were flipped?

Does the CEO's email to you mean to you that this is less likely than I postulated (I actually favored this as an explanation until I saw your post)?

I kind of favor the idea that BIGN is not going to immediately disappear. My reasoning is that it makes no sense to have BIGN in 50% of whatever WWNG has in Oklahoma and Royal in the rest of the Oklahoma stuff only to have an immediate reverse merge show up. It would seem to me that this would be overly complicated in terms of basic things like Division Orders and tax assessor filings and so on. If BIGN were to be reverse mergered into Royal, there would be a third ownership interest change on every property in a 10 day period. First, ownership records changes happened when the WWNG (Oct 3) transaction happened. Second, more ownership changes if they were flipped to Royal. Finally, if there is a reverse merger with BIGN coming into Royal, another set of ownership/division order/deed/title changes toreflect the reduced WWGN ownership & the corresponding Royal increase (because BIRN & Royal would be the same) on each property. From a title/deed/division order point of view this would be insane, IMHO.

So, I think what you were told is that Royal & WWNG (50% owned by BIGN) are in these properties jointly and it tends to argue against a reverse merger. Make sense? Your thoughts.

Imperial Whazoo