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Re: zguy post# 34724

Monday, 05/05/2008 10:14:14 PM

Monday, May 05, 2008 10:14:14 PM

Post# of 51429
Yes zguy I have been pondering some of the numbers myself. We likely will have much more proven, perhaps double than them.
Hemi also has higher working interest in wells and leases we own than they did.
Shelby may have had more land but without something equivalent to the archival information hemi has, it may be just a lot of farm land. And hemi has the blanket formations.

And of course the other leases which were bought early and quickly, makes me believe they were decided upon with almost certain knowledge of their value, large natural gas I would believe since that info had been noted when it had no real value to the original companies.
And then the strike price makes me dare to set my sights higher for the buyout. Hemi is all of that company and more.
GLTY
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