Ann: Quarterly Activities and Cashflow Report, page-196

Certainly none of this is built into the SP at the moment - higher oil prices should lead to quarterly income being in the $9M range going forward with around $5M of expenses including $2.3M debt repayment. 4M/quarter FCF - repay debt quicker and or a another lightning drill a quarter ....

Potential cashflow from GC#21 going forward - worth noting if they can manage to get GC#21 cranking it should provide significant income going forward (hopefully in a higher POO environment ...)

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9
0	GC#21 possible scenrios - OEL Revenue Interest - daily cashflow
1	Oil (BOPD)	Gas (MMcf)	$2,800.00	MMCF		13.33%
2	$65.00	2	4	6	8	10	12	14
3	500	$5,079	$5,825	$6,572	$7,318	$8,065	$8,811	$9,558
4	1,000	$9,411	$10,157	$10,904	$11,650	$12,397	$13,143	$13,890
5	1,500	$13,743	$14,490	$15,236	$15,983	$16,729	$17,476	$18,222
6	2,000	$18,075	$18,822	$19,568	$20,315	$21,061	$21,808	$22,554
7	2,500	$22,408	$23,154	$23,901	$24,647	$25,394	$26,140	$26,887
8	3,000	$26,740	$27,486	$28,233	$28,979	$29,726	$30,472	$31,219	L#1 + L#2 contribution income contribution
9	3,500	$31,072	$31,819	$32,565	$33,312	$34,058	$34,805	$35,551
10	4,000	$35,404	$36,151	$36,897	$37,644	$38,390	$39,137	$39,883
11	4,500	$39,737	$40,483	$41,230	$41,976	$42,723	$43,469	$44,216
12	5,000	$44,069	$44,815	$45,562	$46,308	$47,055	$47,801	$48,548
13	5,500	$48,401	$49,148	$49,894	$50,641	$51,387	$52,134	$52,880
14	6,000	$52,733	$53,480	$54,226	$54,973	$55,719	$56,466	$57,212
15	6,500	$57,066	$57,812	$58,559	$59,305	$60,052	$60,798	$61,545
16	7,000	$61,398	$62,144	$62,891	$63,637	$64,384	$65,130	$65,877	SM#71 Current income contribution
17	7,500	$65,730	$66,477	$67,223	$67,970	$68,716	$69,463	$70,209