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BobSinCA

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BobSinCA

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Friday, 07/02/2010 10:47:20 PM

Friday, July 02, 2010 10:47:20 PM

Post# of 42999
Financing progress is certainly positive. Look forward to hearing the terms (debt versus equity; if equity, how much dilution).

Glad to see Mr. Bendall again reconfirming his intent to purchase all available shares. Let's hope he does that with cash, rather than converting debt, so EEGC can buy the rig without waiting for receipt of the first $45M, which seems to still require an additional agreement with a Gulf based firm as well as agreement on repayment terms.
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