valuation, page-2

vision

current valuation is were it is.

Once gas flows from second well a little more.

Once both wells are connected a little more again.

and so on it goes.

Past valuation I think was about $1 for each 50bcf in ground resource proved (best case target 3tcf).

Probably 1/2 that now with the doubling of issued capital in the company.

So motivation for the sp will be permit approval at federal level (BLM).

Also the spudding Para#2

Then first gas intersect.

So $1 not out of the question in the 'thrill' of the moment.

But thats getting a littlle ahead of ones self.

Dazt probably has latest figures.

In any case support at 14c is good.