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Re: snayeman post# 188173

Saturday, 11/28/2009 5:17:02 PM

Saturday, November 28, 2009 5:17:02 PM

Post# of 362041
Snayeman, (re financing & well engineering co)

With all due humility, I have provided (my) answers to both your concerns in post #188050.

Financing the Eremor acquisition can come via resource based funding derived from booking post discovery P2 JDZ reserves and shortly, (if you believe the recent STP/EEZ momentum buildup) from a cash & carry farmout of our Blocks to a partner(s),(certainly within 2010).

The WellTest Ltd acquisition, in my view, is strategic, in the sense that it is the dough establishing the first technical support unit within a wannabe oil company. And it points to further marginal field acquisitions....

regards,
spp119