Ann: Rosewood Plantation 21H No.1 Drilling Update, page-31

re: Ann: Rosewood Plantation 21H No.1 Drillin... V8

Yes I agree - and have done so - and it is still between 3-4 months if IP24 at 2000 ish.

I posted a summary model using roughly the company supplied numbers earlier.

If you take a 61% WI on a Capex of $7-$8M you get $4.27M to about $4.9M

That is the cost range given.


Not conservative or aggressive - just the model parameters that were given.