why the silence?, page-22

I do not mind what is going on as long as the price is going up.

In regards to Wattenberg Vertical Wells on the high % wells drilled by SEA (May Jon, Nauman 1-14, Schell & Lamb 15C)this is monthly performance on a WI% basis:

April 12 104 BOPD, 241BOPED
May 12 100BOPD, 214BOPED
June 12 122BOPD, 261BOPED

As per last presentation average was 208BOPED, difference would be due to adjustment for NRI% and there are also some smaller % wells SEA is not operator (Northbridge and Meyer wells drilled a while ago).

July 12 160BOPD, 299BOPED

Added to production for July 12
Lamb 32-15 30 days of production averaged 34BOPD, 40BOPED Lamb 42-15 28 days of production averaged 30BOPD, 32BOPED. These are within company targets and both wells have formations as not completed.

Link: http://cogcc.state.co.us/cogis/facilitysearch2.asp

Currently they have another 7 wells permitted with all but 1 at some stage of drilling/frac and another 5 or 6 from last presentation (talk about 15 wells drilling?) I assume would follow soon and then potential for a 100 more as per last presentation.

Should provide a nice low cost rise in production while develop the other land hldings. Currently would be providing in excess of $1m in revenue and rising on a $85 oil price and allow 20% off for NRI adjustment.

Please DYOR information solely from websites and not company announcements. Not advice in anyway.