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Smooth

06/17/15 2:39 PM

#2787 RE: Hamilcar54 #2786

Now that's a good question!

If Perseville did purchase Sakhai and Acor's 25% working interest for $2.1 million, then it sure would have been nice if TGC had been included in that deal and paid $1.05 million for 12-13% working interest. THEN Perseville could have bought ther 5.16% for $3 million.

TGC shareholders got screwed...thank you UNcivil civellis!

Had that occurred, TGC could have sold additional working interest and raised the funds they would need to drill.

But P'ville's game is to take as much of TGC's w i as they could.

I recall Nico telling me sometime last Summer that it will be interesting to see how much Sakhai and Acor would still own by year end. This move to buy out those parties has been in the works for awhile. JMHO!