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Re: Stocktologist post# 4857

Thursday, 08/02/2012 1:40:40 PM

Thursday, August 02, 2012 1:40:40 PM

Post# of 23583
There was zero there to begin with. Nothing but debt. It was a bunch of non-producing wells and a piece of equipment that can't be permitted for use because it's a pollution risk. Along with it came a $1M debt contingency.

A merger with LHPT is in the works, it has PROVEN to produce oil. It has produced more oil in 6 months than PDGO did in the last year and a half.

No oil in one hand, oil in the other... which would you want?