sellers finally beaten, page-4

Does anyone know how many shares Pattersons have?

In terms of whether they would be looking on a friday afternoon, not sure, but I did talk to SL this week and he said he had been down on site with Patterson's o and g analyst (checking things out first hand) and he said the TB-05 flare was going strongly. One could probably assume a report on SEH will follow?

Local officials were also visiting (or visited- can't remember which) and all is sweet with them according to SL.

Asked about the next step and how long it would take to get approvals, and he said they were moving on it. Seems the drilling contractor handles the approvals and in China they have a way of getting approved quite quickly. Don't know what to read into that...but it did sound like there will be no delays and the sites for the step out program are already known.

Asked about the 150 bcf target figure for the initial reserves and the answer was they are on track and the higher rates from TB-07 should mean fewer wells to get it.