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osger

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osger

Re: None

Monday, 06/30/2008 9:33:04 AM

Monday, June 30, 2008 9:33:04 AM

Post# of 42541
Franklin Oil & Gas, Bolivia S.A. has offered four rigs to YPFB (Yacimientos Petroliferos Fiscales Bolivianos), Bolivia's national petroleum company. Another three rigs have been offered in Colombia and two in Brazil.

How is this possible with $30,000 in assets at the end of 2007? Oil rigs cost millions. Can someone shed some light on this. Are they leased?



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