Does 'No lo se.' mean 'I don't know.' ?

just curious on a turn of phrase i think i'm misinterpreting....can someone tell me if No lo se means I don't know or if it means no...the context is something like

Tal vez nos demos una oportunidad mas, tal vez no. No lo se.

thanks for your continued help :-)

cheers

By teppar on Mar 22, 2005, 06:06 in Friendly Talkzone.

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