hot spud, page-7

I'm still waiting on this......

Deliverability Study
The Company received a draft of the Gas Deliverability Study Report and has since been reviewing the document. An important aspect of the study was to provide the economic case for full production from the wells in their existing state. At this stage, the report does not immediately validate expected production volumes because of some apparent inconsistencies contained within the production and testing data. Golden State is seeking further information from the testing contractor and expects receipt of the final report in the first quarter of the 2011 calendar year. The company will make final economic decisions in relation to gas facilities and pipeline connection for the wells in their current state when the report is concluded.