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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Dr. Ipsofacto4/20/2010 11:01:16 AM
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Ed, we have some news from DRLY.

marketwatch.com

"This transaction allows Doral to fully pay its existing debt facility while leaving the Company with a cash surplus allowing Doral Energy the potential of acquiring additional oil and gas assets within the Permian Basin."

I guess there's still the risk of falling through again... It seems their getting a better deal this time compared to what they had in January with Alamo. I went ahead and picked up a few lottery tickets this morning.

From what I understand this leaves them with the following properties:

Cave Pool Project – Eddy County, New Mexico
Miltex Properties – Cochran County, Texas

Any thoughts?

Dr.I
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