right direction, page-6

There will be significant information in the near term as the joint venture well 457 is to be fracced in early november.

The company is still pursuing further land aquisitions.

What you need to bear in mind is that these are all exploration wells as companies try to work out the boundaries of the play and there will be areas better than others.

There are obviously better spots which are richer in condensate but in the larger part this is a technology play as far as completions go.

Pioneers recent well that flowed at 8mmscfd and 500 bls condensate is on the edwards reef trend (same as francis dilworth well) and only 30-35 mls east north east.

The driver of this stock is that it has come from a very low base and if successful has literally hundreds of well locations to drill.

The overall market will drive the price in the short term but upon success the forward potential for this stock is huge.

I personally have an outlook upon success into 2012 to realise some serious value.

Hope this helps.all the best.