the olmos

Not sure how roundabout will turn out. Be nice to get above 300 boepd. Have to wait that one out.

However, I feel the Olmos offers a great chance again to re-enter the Goliath that the Eagle Ford Shale has become. Albeit, at lesser depths targeting the Olmos formation. Encouraging flow rates as quoted by Agent for Terraces? well flowing at 600 bopd? on the border of our acreage bodes well for a successful horizontal into the Olmos imho.

If Roundabout is unsuccessful then we will probably have a cap raise around the 2c mark to fund our share of the drilling.

GLTAH