There was zero there to begin with. Nothing but debt. It was a bunch of non-producing wells and a piece of equipment that can't be permitted for use because it's a pollution risk. Along with it came a $1M debt contingency.
A merger with LHPT is in the works, it has PROVEN to produce oil. It has produced more oil in 6 months than PDGO did in the last year and a half.
No oil in one hand, oil in the other... which would you want?
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