Daybreak Oil and Gas Inc (DBRM)

[xiws]

Interesting terms for deal
I like that there is no actual cash out of pocket for daybreak, though they did give out a good number of shares - but in so doing effectively used the shares to get three good things: (a) the 25 working interest, (b) lowered their current loan rate, and (c) become the net 4.8% positive financier for App. If the oil runs that would seem to be a good deal.
These wells in KY are starting up soon - first one spudding today.
Also remember that they have some more wells to drill this fall in Kern Co.