patersons downgrade azz to "hold", page-4

"The company has announced its intention to qualify for section 1031 of the Internal Revenue Code which would ensure that should the sales proceeds be re-directed into another project within 180 days, then the gain on the Eagle Ford sale would not be recognised allowing for the full $0.52/sh in value."

IMO the company doesn't understand the Section 1031 requirements as that has to be a condition of the initial sale.

IMO they've already blown it in that respect.