kreyenhagen, page-5

Hi gosh, sentia

After all the disappointments of this stock you guys are well due for some good fortune.


Originally SGY were to buy Quest's 10 percent of Kreyenhagen for 700,000 but that transaction folded: The announcemnet was made on 19 Nov 2009. They (SGY) then purchased Kreyenhagen and all the San Joaquin Basin assets for 500,000 cash plus 6.5 million SGY shares: announcement 19 Jan 2010.

SGY got a great deal as NEO/QPN must have paid nearly 10 million through various sript and equity transactions to aquire all those leases over time. I never thought the deal was a good one for QPN.