posted on
Mar 10, 2008 08:24AM
note our cut went from 55 to 35....and AUL cut 40 to 30...after spending $9 million.....then this new guy blackrock pay 60% for a 30% ....seems a little easy.....assuming they have spend less the $1 million on #3.................and removing the rig assumes that as deep as they intend to go...(however deep that is).......my point shares are duluted and meo and aul's %'s are each 10% less....but I'm glad we got a hit...and glad to see aul is still a jv partner and came up with the added $'s for #2. I'm in both meo and aul!