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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: CusterInvestor who wrote (49231)	8/28/2012 11:39:31 AM
From: E_K_S	1 Recommendation Read Replies (1) \| Respond to of 78476

Hi Custerinvestor - 50% of their offer is in STTX stock. This is a new IPO and is thinly traded. So your betting on the strength of STXX . So at least you have a company that will work the acreage and as a common stock holder, I still have a 50% interest in the operation. Stratex Oil & Gas will still have capital problems as all small E&P's but they did raise some money in a recent IPO. My MPET position is small, so this deal gives it new life. I plan to hold my shares and watch the results of the first few wells. The company has limited production history but seems to have exposure to several shale regions ( along w/ partnership interests). Therefore, "dry hole" risks are spread across different partners. Will be an interesting one to watch. EKS