News Focus
News Focus
icon url

geopic

06/17/10 11:25 AM

#718 RE: whitestar2009 #717

.045 eh? Guess you're right,
reacting like a penny stock.
Thanks for the information about the near one million cash needed for the binding buy... hope Doral does not have to pay credit card rate to close the deal!.
g.p.
icon url

Jengo

06/17/10 11:46 AM

#721 RE: whitestar2009 #717

Are you sure they dont have enough $$ because in the latest pr it says

MIDLAND, Texas, Jun 16, 2010 (GlobeNewswire via COMTEX) -- Doral Energy Corp. (OTCBB:DRLY) ("Doral" or "the Company"), is pleased to announce to shareholders that Doral Management has completed on schedule its divestiture of its Hanson Energy Oil and Gas Assets for $10,000,000.00. Use of proceeds will include the re-payment of its Senior Secured Debt with Macquarie Bank Limited, the payoff of all trade debt associated with the Hanson Energy Oil and Gas Assets, and the payoff of two notes, that are now mature due to the divestiture of the assets, in the amount of approximately $725,000.00 leaving the Company enough surplus cash to successfully close on the acquisition of certain South Eastern New Mexico Permian Age producing oil assets described in the Company's press release dated June 15, 2010.