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croesusjr

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croesusjr

Re: falconer66a post# 15982

Wednesday, 12/27/2006 10:25:01 PM

Wednesday, December 27, 2006 10:25:01 PM

Post# of 44006
Three questions in relation to Falconer's post:

Why will eliminating the BDC election so dramatically accelerate the rate of drilling in 2007 vs. what they've achieved to date?

How can you assume the Challenger rig will be deployed anytime soon?

Why is it your opinion that the Barnett leases and the rigs are not included in the most recent NAV calculation? As I understand it, NAV was calculated to reflect "fair value" as of 12/31/05 and additional investments in 2006 should be included at least at cost.

Thanks! I want to believe...

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