GREY:ROAOF - Post by User
Comment by
Kel2on Dec 07, 2005 10:54pm
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Post# 9986214
RE: Oilexco target price raised
RE: Oilexco target price raisedThe price was raised to $10 from $8 after the Blackhorse well and subsequently reduced to $8 after the British Government raised taxes on North Sea oil. With the dilution of the financing it may cause another slight reduction, however, one more successful well on another property, ie. Muness, Palomino, Tay, or the others just acquired in the bidding round will change it all again.