RE: RE: RE: RE: Very Pleased with Equal Energy sal I to Bakken have been burned and burned good but this one thing I feel I know about Equal. It is in a much much better position than it was six months ago and would be in fantastic condition if not for the conididental downturn this summer in the NGLs which were the saving grace for the NGL weighed gas producer. Equal now has financial flexibility. They have an additional $10 million of cash in the bank and very low debt levels. They will get in a few more million once the royalty streams are sold off. So for me I believe they have the financial flexibility to convert to a yield competitive income entity (and they have the option of doing so almost immediately), entertaining an offer from an MLP or continuing on for awhile as an explorer/developer. They just sold the remaining Canadian assets (including an estimate for the yet to be sold royalty streams) for just about $2 per share. They indicated that they are renovating the management and BOD and operating structure which will bring freshness as well as reduce opex. IF the market does not reward the company for this progress so be it. NGL pricing will continue to improve and so will NATGAS prices and Equal has the flexibility to wait to add maximum value if they wish. A MLP using expensive shares buy them would be likely thinking the same thing as they would be buying very low valuation shares with very high valuation shares. Lets wait to see what takes place.