Tuesday, October 17, 2006 5:31:38 PM
http://www.investorshub.com/boards/read_msg.asp?message_id=14065072
think, "Joint Ventures".
Royal, or at loeast it president, would hve us believe that they are working the aforedescribed wells (E. Texas or Ok.?)and properties with BIGN already?
Well maybe he did not mean already...maybe Royal is the financing facility and BIGN will be working the Texas property owned by a third party. Answer is the number of employees that Royal has. BIGN has already indicated in PR how many employees and rigs the target oil company has.
Maybe Hagarty meant that Royal, WWGN and BIGN are already a JV on (Grimes or)the 32 wells that so many companies are mentioning in their last PR.
But I do not understand why BIGN would "buy" the East Texas properties and company when Royal was already working it. There is a smoke screen here.
The plot thickens.
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