Worthington Energy, Inc. (fka WGASQ)

[molecularcd]

mustang island imo is the collateral for our loans. when we see 24 hour flow rates, i'm betting the fireworks start.

Betting you're right too.

From where I'm sitting, the coming series of events is looking like this:

1. Wait till after this (very predictable) VWAP calculation period ends to establish/PR the MI flow rates
2. PR the flow rates
3. Procure the VM179 loan on the back of MI production, and
in doing so, pay off the CD before next month's VWAP calc period.
4. Execute the R/S into the strength of MI production, CD's paid off and VM179 financed and construction in-process
5. Get equity-based financing for D-Bar and/or S.Tx LAST (and most importantly after the CD's been paid because equity financing changes the O/S)

What ya think of that x?