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Re: 403xyz post# 4108

Friday, 03/04/2005 2:51:02 PM

Friday, March 04, 2005 2:51:02 PM

Post# of 4347
I think they should buy some existing producing properties and lean more heavily toward exploitation.

They are exploring with a onetime windfall from sales. Because exploration is so uncertain, I prefer exploration using a percentage of cash flow.

They need to run on cash flow.

I would like to see exploitation with exploration-in other words, more balance.

Having typed that, they could hit something.


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