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Message: New investor

Re: New investor

posted on Apr 17, 2008 11:51AM

Thus far we see that I:

Overestimated the down time;

Underestimated the number of wells; and

Underestimated MEO's %.

I told you that I was being conservative.  As I also suggested, I think I was very modest in my estimation of the future oil and gas production.

Given all that, and throwing in the potential for market enthusiasm, the SP could be double my estimates (and I still may be conservative).

- Panamax

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