Post by
shambano1 on Sep 17, 2013 9:05am
Anderson exploration even got a better deal than TOL
they sold 1000 boe/d for 82,000,000 or 82,000 per flowing barrel and they were trading at 0.13, so they weren't in a position of strength to negoitate a favourbale deal.
I don't have the undeveloped land figure for this sale but still it seems that a down and out company that was doing nothing as far as exploration in q2 and q3 and just waiting for an offer just to keep the lights on got a better deal than we did.
Russ please explain your logic for taking this deal give great numbers you produced in 2013 so far???
there has to be a logical reason to accept a sub-par deal and you must also understand that this deal will not fly, it just won't be approved, I cna almost guaranty that unless you can justify it.
the shareholders are not being told everything are they Russ???
DYODD