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Re: badog post# 107054

Thursday, 08/30/2007 2:52:34 AM

Thursday, August 30, 2007 2:52:34 AM

Post# of 363093
There is no question we are undervalued here. Lions share in some of the most prolific oil acreage in the world (as per our mgt in the CC). If the "consortium" knows what were sitting on, or has a real good idea (company maker), is unquestionable to think that someone or some entities may feel the premium is worth the price. So Offor doesn't want to let go, but wants the upside. How does he do this? Maybe form a new entity that involves some of our partners. Sounds like the best route to me. Our boy Offor is crafty, and has the clout and vision to do so. I'm not saying Richkan is the endall be all, but it sure could satisfy many of the players involved.

I find it strange that you figure the only way we could be worth 6$ is a 20:1 rs. With that thinking why would you be here. I am here cause I beleive we are worth 20+ with 1.5 billion proven. Not unrealistic and probably near the money. China and US are hungry beasts and one of them or their majors will break and pony up to Offor long before proven. The steps are already in motion from what we've seen in the last month.

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