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To: Tommaso who wrote (75129)9/29/2000 4:00:00 PM
From: jim_p  Read Replies (2) | Respond to of 95453
 
Good. They issue 6MM shares which allows them to get rid of the Shell option and eliminate 12.8MM potential shares or 19% reduction in dilution. It also helps solves their leverage problem.

ROIL now up over 10%, traded as high as 10 3/4.

Jim