IMO you'll see much more than 1 cent if you are patient. If they can stay above water long enough to get their share from Silver Point and begin filing as such this stock will appreciate wildly from where we are now.
Apparently, drilling has been ongoing on the Barnett site which in turn moves us closer to our goal
We just need to make enough moolah to cover our debt agreements but there is nothing that states that Petrofinanz wont be an ongoing relationship when it comes to furthur lending
Ignis Petroleum Group, Inc. announced that on March 6, 2007, the company entered into a Second Amended and Restated Loan Agreement with Petrofinanz GmbH which amended and restated the Amended and Restated Loan Agreement with Petrofinanz dated August 28, 2006. Pursuant to the Second Amended and Restated Loan Agreement, Petrofinanz loaned $400,000 to in addition to the $600,000 Petrofinanz had previously loaned. Interest on the entire $1,000,000 principal amount of the loan will continue to accrue interest at a rate of 10% per annum. The agreement also extends the maturity date of the entire principal amount of the loan and defers all interest payments under the Second Amended and Restated Loan Agreement until June 30, 2009.
Petrofinanz may be willing to get us through this rough patch
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