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09/03/08 10:18 PM

#77036 RE: ClayTrader #77035

DPDW recently got rid of almost all of their debt. this move eliminated huge interest payments, about $2M per year, and paved the way for them to get very favorable, single digit interest bank financing.

if you look at the list of private placement shareholders it's a who's who of wall street and offshore exploration. dahlman rose is a top notch bunch. my guess is we'll see DPDW management taking out a loan for their next acquisition in houston or NYC, not dubai.

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