coastal caribbean (cco@) Message Board

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Gold/Mining/Energy : coastal caribbean (cco@)

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To: Edwin S. Fujinaka who wrote (4647)	8/2/2007 7:24:59 PM
From: radman2007	of 4686

Ed, You are 100% right.....I cannot imagine a company like Exxon (or one of the major players) not taking a chance to buy the leases if they were given the opportunity (i.e. auction). These guys can easily wait 5-10 years to start drilling for oil if they knew they owned the lease and could talk to a more friendly future administration. Coastal's sale of these leases for $15M has to be one the strangest moves a company has ever made regarding oil bearing properties. So I guess the next question is when does Coastal file for bankruptcy...I mean what else is left? We have heard no new news on their "properties" in Montana. Radman

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