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  • These proceeds were used as follows: $20.5 million was used to pay the cash purchase price of the BWS acquisition; ????????? $4.75 million was used to pay the cash purchase price of the BBD acquisition; ?????? $3.0 million was used to pay for the drilling rigs and other assets; and ?????? $4.55 million was used to pay fees and expenses, including placement fees to Andrew Garrett, Inc. of $2.3 mill
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