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Post# of 361042
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stocks2rise

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stocks2rise

Re: TOB post# 247360

Thursday, 09/22/2011 3:13:44 PM

Thursday, September 22, 2011 3:13:44 PM

Post# of 361042
Did you take a close look at that 38% cut? It was for one quarter only! They still spent $881,000 that quarter. If you multiply that to 4 quarters = $3.5 million dollars a year in spending. That is if they keep it to $881,000. They have $14 million left so that equates to 4 years. My bet is they will still continue to spend $4 million a year and they will be out of money in a little over 3 years. What about seismic costs,drilling etc in Chad, IMO? How are they going to pay for that?

JDZ, home of the world's most evasive, Biogenicly gaseous, elephant herd!

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