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Monday, March 24, 2014 3:03:02 PM
If the above is correct then Ranchers total costs for drilling and completing the two wells is $1,426,028 of which as the 8k states they haven't paid $283,791 for the completion costs of both wells meaning Rancher has already paid $1,142,237.
Assuming my math is correct and these are the true numbers, Rancher does have a substantial amount on deposit which begs the question-why haven't they paid? I doubt they are going to walk away from over $1 million and it may be positioning by PetroShare to grab a bigger slice of the pie.
I would love to hear what people think about this.
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