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Politics : High Tolerance Plasticity

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To: Edmond Katonica who wrote (488)2/27/2001 4:11:32 PM
From: Aggie  Read Replies (3) of 23153
 
Edmond, hello.

"Don't forget... "Sour Gas" "

Yup, I haven't overlooked its being sour. Still: $0.69 Canadian? What? Isn't that $0.451 US?

Even if the sour content was higher than around 4% (40,000 pm)- which is high, but the approximate level where expensive exotic well equipment must be used to forestall corrosion - even then, the BTU content would still command a higher price.

I suspect that the deal has additional baggage over and above the standard right-of-first-refusal terms.

Doesn't ROFR mean it goes out to bid, then the partner has the right to purchase it at bid cost? Or does it mean that Hunt has the right to buy at some prior agreed price? None of this information has been released that I know of (which isn't saying much, admittedly).

Much more of this and I'll be left in a trailer house with tinfoil on the windows, forced to post on the FGH yahoo board.

(Acutally not to worry, my EEE was always a few thousand shares of mad money).

Razorbak - What's your take on this? I've been out in the sun for too long and my head hurts....

Aggie
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