Ted, I think that's what happens
a lot when you acquire private companies.
You give up XYZ to get them, expect them to perform
and realize you didn't understand as much as you thought you did before purchase, so you strip out what you can to get as much of your investment back as possible and either sell it, or flush it asap.... been there, done that.
Then you find some that need money and they can take off because they're positioned right.
I think that's what happened with Sam's Drilling, worth many times more I hear from what we bought it for and still growing and the same with the Avation deal(s).
So the Rome O&Gas probably did not make it, neither I suspect did ProGas, but if they got something back from them and the others are doing great.
If I'm correct, we've done a pretty good job in my opinion.
Too bad they never PR something didn't work out, guess it's a Ego thing...
Mc
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