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Re: gempicker post# 2318

Friday, 08/22/2008 2:12:35 PM

Friday, August 22, 2008 2:12:35 PM

Post# of 2474
Who says anything makes sense here? Did it make any sense for Salna to not file the appropriate information to continue trading?

NFEI has another huge project where they can continue drilling to prove up the reserves there for a Joint Venture prospect. They are busy with other things IMHO. They aren't going to withhold any money from Salna and irritate him. He is the big fish in the Slatterdome, NFEI has to sell stock to get drilling money. If anything, maybe NFEI can't raise any money right now and Salna sure wouldn't fund them also. That was always a concern of mine with credit as tight as it is.

Yes Salna's Co. in Egypt is pumping between 3000-3500 barrels a day. Last I heard, he plunked down $16 million for another huge lease next door to very high production wells. Hopefully he cares enough to do the honorable thing here.



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