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Fishing at Surfside

10/15/06 12:56 PM

#18188 RE: Waverider110 #18187

Royal Petroleum has the same news as BIGN. 32 wells in OK with 2 producers, NC-02 tech, Euro listing, ...

http://finance.yahoo.com/q?s=rylp.pk

Thoughts???????



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Imperial Whazoo

10/15/06 5:51 PM

#18231 RE: Waverider110 #18187

Thanx waverider -

I fully agree with you and I too would like to know who Royalle is. And, the most important question as regards them isn't necessarily who they are. IMHO, the key question (whoever they are) is whether the agreement encumbering existing production as security for ongoing deals was actually a bad deal or not. Also, whether the deal good or bad, I'd still like to know whether Royalle (whoever they are) is financing reworks or not.

If you PR that you have a bottomless pocket to finance a huge growth plan, isn't it reasonable that you might want to follow up on it with subsequent PRs? When you lay out a plan like they announced and you lay out apparent financing for it, it raises a few questions that deserve answers when the management team who cut the deal gets replaced without explanation, a new team with an entirely different plan comes in, the old work that was supposedly underway stalls, and the new plan is surrounded by silence.... well, it just raises a few questions, which, as you point out, BIGN needs to address.

So, you nailed it. We deserve answers and it is not the least bit unreasonable to say so. Its neither bashing nor pumping. Its just plain reasonable.

I'm with you 100% in what you said. Good post, man.

Imperial Whazoo