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Re: PENNY PIRATE post# 2288

Wednesday, 07/28/2010 10:15:30 AM

Wednesday, July 28, 2010 10:15:30 AM

Post# of 2382
30% is $60 million not $140 million - and does not become operating cash - if they did retain rights (the press release says nothing about this per se). This $60 million would be over many many years, and you have to deduct the expenses for getting the product out (if these wells are not pretty much depleted) - then how does that relate to the number of DMEC shares outstanding