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jcrom56

04/29/07 5:47 PM

#9992 RE: frankie_fillet #9989

Yes, exactly. We aren't dealing with ExxonMobile. This is a small domestic O&G speculative play. To be perfectly honest, of course things could go either way for us. In this situation our best assurance of success is the quality of the people running the company and the fact that they have real hard assets including rigs and service equipment, real leases, and service companies with a proven track record. I am still somewhat astounded at how quickly the board glossed over the binding TEAM LOI. We aught to be still talking about that. TEAM is a very successful and rapidly growing service company. It was a home run, IMO.