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OANDO ENERGY RESOURCES INC WTS T.OER.W



TSX:OER.W - Post by User

Comment by kenn2on Jan 10, 2013 2:46pm
295 Views
Post# 20821777

RE: Expensive acquisition?

RE: Expensive acquisition?

If these figures are correct for the Oil/gas ratio then masks the fact that gas is largely stranded in Nigeria and selling for  $0.30-60 per mfc locally. The oil equivalent calculation of 50,000 BOD is pure deception. The "banker" Ore. plc will be the main beneficiary with a huge debt owed at whatever % is charged. 10% was the short term loan so what will be the interest on the long term loan?

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