Ann: Quarterly Activities and Cash Flow Report , page-11

re: Ann: Quarterly Activities and Cash Flow R... SCOTT

Not sure what the comparison reveals,

However if it's "Why a SP of .4c"

then that .4c does not add up .

The Q was mostly old news with DESIREE spud slipping to the end of May.

These project dates have become elastic.We shall see if AB spuds first week in May.

"New acquisition of Austin Bayou, a low risk development prospect. Location completed, due to spud first week of May." Then same page
:Austin Bayou due to spud within the next 2 weeks."

Depends now on the Rig . TD due before VR.
So AB will become the first focus .

AB/VR roll on.A very tasty Quinella for May

Exploration Wells loaded for May/June with DESIREE and Leduc Reef to follow in June:

Nice Start to the New F/Yr .

CH$$RS R15