Meren Energy Inc (MRNFF)

[Scarbender]

OK, Now we are diluted by approx. 14%. Is this in addition to the already issued 25,000,000 shares? If so; Not good. On a tangential bend, and for comparison purposes, look at the Prudhoe Bay drilling area: 20 x 45 Kilometers, At least for Prudhoe Bay Trust (BPT). That started in 1978 with peak production (1980 to 1990) of 2+MM BPOE per day flowing down the pipeline. That trust is expected to end in 2027, for a total of 49 years! I think the area of exploration is Kenya for Tullow and AOC, is a much larger area with far fewer environmental restrictions. Is the PPM also a shield to hold off ambitious suitors who look at Africa with a little jealousy. Can't wait for a bidding war, say starting at $60 per share. All IMO, of course.