verdigris, nice points and facts that you illustrate. especially the implied value of the assets.
guess what? if we dont translate them to revenues, and soon, like 1/1/10 or sooner, the clamps are going to be around cprk/dotsons throat, and the only way to loosen them, wil be to file chapter 11 bankruptcy.
then, we'll really get a chance to see what our "100 million dollar mill, and billions in the ground " are truly worth.
my gut tells me at that juncture: expect common equity to be cancelled.