ann out nice little earner, page-4

Agree GGP is undervalued and worth buying.

Ann. this AM re Acosta-1 Well indicates further action which should help sp. - only needs to drill 400ft to target, so will be a quick result. Additional production from this well will surely boost sp.

Acosta-1 well is supposed to be able to prove discovery in Camerina formation, which was not possible in the Jumonville-1 well.

Presumeably Jumonville-2 will still be required to prove Cib Haz at deeper levels.

There does not appear to be a definite spud date set yet for J-2, although partner NEO indicated March next year, which is a bit disappointing.