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AlwaysRight

11/04/11 2:07 PM

#8744 RE: seismic #8743

since avalon has NEVER generated growth from its"portfolio" of properties, and, in fact, canNOT fund workovers that it announced would occur, has never spun off oiltek- (PROMISED SINCE 2006, YES, 5 YEARS ago!) what property or properties based on their historical performance do you find so enticing? also, how do you see rodriguez repairing the balance sheet and obtaining capital without further diluting shareholders? the company is in POOR FINANCIAL SHAPE as witness its INABILITY to do the announced workover
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OilStockReport

11/04/11 5:33 PM

#8753 RE: seismic #8743

I agree with your points S. The risk versus reward here is attractive. Certainly with the declining prices over the last year there are going to be many unhappy campers but I would imagine that the play here now is this could be the new bottom. If they get the capital or a way to get the capital and start bringing on new production the tide around here would shift.