patterson summary, page-23

steven,

you keep using a 36 mill figure - i'm pretty sure the debt is 40% more than that at $51 mill.

Also isnt it a MASSIVE assumption that gas prices are going to increase in 12months. The last announcement said "many people think" gas price will increase. But there are also many that think it wont increase.

What happens to MAE should gas prices decrease. Or, more pertinently, what happens should potential buyers be of the view that gas prices will decrease.

The US is in pretty bad shape at the moment. If the recession is prolonged (as those that predicted it say it will be) then i cant see gas prices going up in 12 months - as seems to be your underlying assumption