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Re: Slippery Wing post# 24340

Saturday, 06/09/2007 11:12:04 AM

Saturday, June 09, 2007 11:12:04 AM

Post# of 44006
Slippery Wing.....Are you suggesting that CB had not funnelled revenues from current production back into the company for drilling? If not, then where did the money come from to drill the Padgett #11 and the #12. How much revenue do you think he has from current production? How much of that current production was off line and being re-worked in 2006? How much did the BDC issue cost the company in 2006? If he simply waits for the revenues from the existing wells and the Padgett's potential production to drill with, how many wells would he be able to drill over the next year? 3? 2? 4? Would a shareholder rather see many more drilled?

Can you answer these questions for me?

Thanks.

GR
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