one for next week, page-13

re: drilling? EP437 (NWE 33.3%) could hold some pleasant surprises. Seems with ARQ involved (also 33.3%, and operator) the Denison 3-D survey may be extended to cover the southern part of this licence, viewed by ARQ as oil-prone. ARQ has had a high success rate with 3-D seismic over its gas-prone patch in L1/L2 immediately south of EP437. I'll probably retain a smallish core holding thru Magnolia, then up my holding for any anticipated drilling here. If Magnolia is a duster there could be an excellent entry to be had. If Magnolia hits paydirt 15c will be history.