ROSE Stream Log

Long term it's not going to matter, I will be adding if that happens

sitting and waiting for details - could be huge dilution

If you like I take it you will be on board after the fund raising is clear?

If you like I take it you will be on board after the fund raising is clear?

speculators you mean?

Market doesn't seem too fussed about it

how will they raise finance to start?

another go at 2.75....

get this placing sorted for funds going forward and this is going to fly

Separately, another consultant, Christie Ward Schultz, assigned a $1.47billion valuation to the Paradox shale (via the Cane Creek project) for a 30 year life-of-field, whilst for Mancos this is estimated at $941million. Both basins are being actively developed already, and the infrastructure available is excellent with road, rail, pipeline and power all readily available. The leases, meanwhile, are also in an ideal location being only about an hour's drive to Grand Junction, which is the region's oil and gas services hub offering drill rigs, fracking equipment.