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Re: RUBY1100 post# 185295

Friday, 11/06/2009 9:38:00 PM

Friday, November 06, 2009 9:38:00 PM

Post# of 363078
Actually if you do the math Addax got next to nothing for their predrill JDZ assets. The purchase price was based almost entirely upon proven reserves, not undrilled reserves. Let's not pretend otherwise.
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