I went to AUL's site and I noticed that (besides seeming to take credit for JB#3 and JB#4-which they call Morgan Highpoint 3 and 4), they are doing a PP at .10/share + a .12 warrant. I guess that money (1,500,000) will raise the capital to pay their 20% of #3 and #4 (at 3,750,000/well).

That would be quite a good deal for the PP purchasers if #3 and #4 are commercially viable. It would be interesting to see who gets that paper. If all of the PP goes to insiders, it will say a lot.

- Panamax