RE:RE:RE:Well Payout
Debentures - my guess is that they roll these over into a new 5 year maturity, with a better conversion price, and maybe a small cash bonus. Royal Host is (was) a good example of convertible debentures that came due with no real cash to pay them out. They want to continue to grow the asset base, which will allow for continued increases in bank lines. after reading the release again ... the most interesting thing I found was the upcoming 3,000 metre horizontal well. Now that's almost 2 miles horizontal within the pay zone, and multpiple fracs. IF they are successful with this, and the cost is not crazy (they don't mention cost), its a huge game changer. This gets you into the Dee Three category of wells. And this can all come before year end. Also compare Strategic Oil and Gas to Anderson (they have over 300m shares), and its obvious we are trading at least 50% below where Anderson should be trading.