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petemantx

03/14/09 12:20 PM

#155103 RE: RUBY1100 #155089

You state that the three companies (1 for each block in the JDZ) were set up for obvious sale.

I think setting them up is just standard practice in the oil business to isolate risk to the company as a whole and has no specific purpose as to selling them. Not to say it may not occur, but I don't believe that is why they were set up.
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TopShelf

03/14/09 8:04 PM

#155190 RE: RUBY1100 #155089

Ruby, that was also another peeve was that we had gone to the .50's .60's and yes even the .90's alot farther away from drilling time and with rigs so hard to get I thought for sure we would get at least a descent spike.

Oh well,

I'll get em back around the gap price.

haha