Diversified Oil and Gas Holdings (DVFI)

[Fishing at Surfside]

The East Texas LOI seems to grow less important as time goes on.

We still have another LOI in Lousianna with the high quality oil and 27 wells which are producing $3.3MM/year, and now a possible nice gas well in Ontario. If BIGN still owns 37.5% of Tyche and Tyche gets the flowrate they are hoping for in Ontario, the BIGN cut would be $4.4MM/year. The original Lousianna East Texas LOI was worth about $1.8MM. We don't know what to expect from Oklahoma.

If nothing else, BIGN no longer has it eggs in one basket.