rogermontgomery.com, page-4

From Roger

"Clearly Mr Market is valuing in a remarkable amount of upside to the currently certified Proved and Probable reserves of the company.

So are you feeling lucky?"

From GMP

"We see huge upside in the reserves compared to what is currently booked. Current 3P reserves are booked at 82 mmboe, but we see the potential for 10 times this estimate based on:

1. Current well results are ahead of the type curves by at least 30%.

2. Down-spacing from 80 acres to 20 acres is a 4 fold increase in the potential reserve base.

3. The uphole Austin Chalk formation has the potential to be just as productive as the Eagle Ford in this area and could double the reserve base.

4. New completion technology just introduced by Schlumberger("Hiway" fracs)) could further increase the EUR's by over 25% - as recently highlighted by Petrohawk earlier this week."

And really this information from GMP is common knowledge to anyone who studies the EFS.

"In contrast, Roger?s IV methodology yields $0.00/share based on the most recent accounts for the period ended 31 December 2010."

I found this statement quite ammusing.