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midtieroil

11/22/08 2:43 PM

#145340 RE: DegenerateGambler #145330

I agree with you on the acquisition question but totally disagree with you on the ROO issue. Addax has read the market right despite what you read in some of these rags. Deepwater rig prices are coming down and rig availability is increasing. The press, as usual, will be the last to figure it out. I still expect a ROO announcement in January.