projected earnings for 2012-2013, page-37

Hi Buc,

It does sort of work in reverse.

Real simply an unrisked location means drilling into non-proven resources.

Risked would mean either there has been prior drilling to delineate a resource and therefore higher probability of economic production, or the estimate of recovery has been lowered to reflect such risk.

Roughly speaking.

As example, the infill wells are clearly de-risked so we are drilling into a risked location (i.e. the risk has been taken out to a large extent). Goshen County would be unrisked drilling.

Not an elegant response, sorry.