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Sunday, November 30, 2003 9:31:32 PM
have much to do with the silence. The PP was approved and the company surely can't pump it's share price until the bank note issue is resolved and we see an expansion in revs, not to mention all of the law suits.
The Canadians are drilling on their own credit and their production is expanding. U.S revs could be used for greater debt service if Endeavour continues to drill. Seems everything south of the border is in a holding pattern while management moves forward up North.
I actually like the strategy as it minimizes our cost overhead as noted in the reduction on the balance sheet while exploring new potential instead of old off sets. Seems to be a sound utilization of assets IMO.
But then again, what do I know...lol
STL
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