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Orange4Yellow

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Orange4Yellow

Re: Greeny1 post# 606

Tuesday, 06/18/2013 6:40:15 PM

Tuesday, June 18, 2013 6:40:15 PM

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If Shemen hits light oil , they will likely be worth $1-1.5 billion, with no cash and $150m sunk cost well.

Given that, if Adira GGR gets regulatory approval to drill in April 2014, our 33% stake in Samuel can easily be worth $1/share, with 180m shares outstanding ...

Deen Dayal will also be worth a lot once the initial sales contract is signed in about 6-8 weeks -- how much GGR's carried 5% is worth depends on the sales price of that contract and initial volume from the wells.
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