The recent deal DEJ did with Sayer Energy Advisers to secure a J.V. partner and/or sale of part of Woodrush had an effective date of March 1, with a closing date of March 2013. IF...a deal was reached, I would expect that the news would be released on-or-about March 28th....along with the 4thQtr results and update. Friday, March 29th is "Good Friday" and a holiday for many. March 30 & 31 fall on a Saturday & Sunday. Therefore, that leaves March 28th as the last business day they could report...that's only 14 business days away!!!
With yesterdays closing up on high/strong volume, leads me to believe something is brewing...IMO
RBG - Hopefully a deal has been made on Woodrush. Tks for your thoughts on schedule of possible announcement. Why Woodrush deal may occur about time DEJ gets 3 new Bd.Mem & is done thru Sayer commission? Some say should use own Bd. & Man contacts & not use Sayer but some have been critical on DEJ Woodrush activity in past as to not being arms-length. Lawyer should not ask ? Of witness in ctroom and DEJ ask for bid on part of Woodrush without knowing acceptable answer --no use tainting the acreage as to no acceptable interest in the property. Looking forward to a nice transaction. GC