Ann: Lyons Point Well - Drilling Update 12 , page-18

re: Ann: KOG: Lyons Point Well - Drilling Upd... Yes well said. The 3.75% NI was pultry but probably the nail in the coffin for TNP.

Just a word to GGE directors no more deals with TNP, KOG and VIL. Stick to the big professional outfits you have developed new relationships with. Oh chuck Mantle in with that rabble to.

As a I said 3.75% is so small its not worth the grief if its a duster compared to the small financial outlay.

Now thats out of the way, keep banking the cheques from DL 3 production, add the hookup of Albita in a few weeks. $300,000 per month is good and you will have the cost of LPoint recouped in 2 months.

Whats coming up.....

Grizzly (5.25% WI) at 9,700ft, 1st target at 11,100ft – targeting upto 100 BCFG / 2 MMBC, IN PROGRESS!

Vermillion River (7.83% WI) to spud Dec/Jan – targeting 110 – 185 BCF /1-2MMBC

West Klondike (10.5% WI) to spud Dec - targeting 2MMBO/6BCFG

Leduc Reef (10.5% WI) to spud Dec/Jan – targeting 1-12 mmbo

Napoleonville leasing finalised, drilling permit in progress