One regret: Spartan is up 82% over past year, in my book PRY was going to do at least the same next year. Had that happened, we might have enjoyed a much higher ratio in the merged participation. And I doubt we will get 82% on the combined company next year.

Don't know yet how the metrics work on netback adjusted current and projected production, but again given that they are bothin about the same martket cap, it isn't all bad.

8% dividend ain't bad.

 

Terr