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08/20/12 6:46 PM

#7018 RE: blindman28 #7017

compared to the last Q, we're adding assets, and the liabilities grew in relation to that. but the most exciting part is what bigbux posted tonight: plenty of cash in non-equity financing, and we're pre-approved. this is currently being negotiated, is my guess.

once oil starts flowing from mustang island, d-bar and south texas (assuming those deals fund and we crank up production) the stockholder's equity (difference between assets and liabilities) should turn around quickly.