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Roundandroundshegoes

08/26/12 1:03 PM

#27 RE: JB3729 #26

Hi JB, even though I like the idea of 13m acres and unconventional oil, I have already lost $100,000 with this management team, both with PFC and ROZ. The problem they have is execution, partly because they lose access to their property 6 months of the year(due weather). I am very happy Statoil is there now, and I will buy back in when they take over operational control, sort of like Tullow has with AOI. There is no doubt you are in at a much better price than I was, and if they complete those wells before November you could see some big upside.

Good Luck

Rounders

eom7

08/27/12 10:07 AM

#31 RE: JB3729 #26

Nice post I couldn't agree more.


FYI - AUACF .22 is their neighbor to the south of the Owen3 well. If any of the three wells hit especially Owen3 - AUCAF should get some nice attention IMO!