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Thursday, January 03, 2013 1:51:34 PM
Tullow news is out and the deal is done. IMO 3D won't increase the price (but it will probably keep it from dropping further). It certainly won't get us up to a dollar. And there are many months before we can expect a pre-drill run.
My only question is, what will the ratio be? I think 1:4 or 1:5 is fine. Keeps the price low enough investors are willing to get in. Too high and it puts a damper on things.
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