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Re: ctb post# 25591

Friday, 06/15/2007 1:53:32 AM

Friday, June 15, 2007 1:53:32 AM

Post# of 44006
You all know that I firmly believe all this natter about his preferred shares is useless natter at this point until I see a revised pre14 which I am fairly certain is coming.

If for some reason it was still there along with 25/1 and 500 million a/s I would vote no I believe.

But if it were to pass and the 5 million in stock was sold after the split in a lockup that would provide enough dough to put both rigs in action. I am certain that is the game plan.

2 rigs means two wells a month or better. I see massive positive revenue generated very quickly.It doesn't matter whether it's applied to a 500 million O/S or 20 million. The price multiple will be applied as the ratio dictates. The stock prices adjusts accordingly. So if there is enough to drive your nickel to a buck with a 500 million O/S then it will also drive your 1.50 to 30 bucks with a 20 million A/S count.

Understand?

This vertical was understated big time. It's more than a million dollar well IMO and that will be proven soon.

I'm not married to this thing. There is still money to made and then you move on.

The 12 will be announced very soon and what do you think those numbers will be. Large I bet.

ltg

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