Value Microcaps Junior Energy

[Ed Ajootian]

kozuh, Osage Exploration (OEDV.OB) -- yes that's when they sold down 75% of their interest in 5,000 acres in the Miss. Lime play to 2 private companies, with Slawson Exploration as operator.

Another source of non-production revenues last year was from their 9% interest in an oil pipeline in Colombia. That's been generating about $475K in revenues per quarter recently, and the expenses to operate that are negligible (say $25K per quarter). I'm hoping that they will be able to find someone that would be willing to lend money on this cash flow.