Personally looks like the top dogs will benefit. Pace shareholders screwed in this deal IMLO. PACE contributes over 3x's the production and we get a lousy .3 shares in Spyglass for the contribution. Looks like whoever owns Avenex are the winners, they get 1-1 in Spyglass and contribute a 1/4 of the production. But we should be happy we are going to get a .03 dividend. Dont know why companies bother to get shareholders anymore except to bleed them dry. As these markets go forward, few except the deep pocket speculators are going to 'invest' in companies anymore, certainly not mom and pop, the speculators can cannibalize each other.