Ann: Napoleonville Farmout Completed , page-45

Acreage

If I was a holder of SSN (I used to be) I would be a little concerned . They are in a bit of a vice at the moment.

There Montana Bakken is yet to be proven and expensive to drill, the Niobrara? land is much the same and there best land in the Bakken is in a depletion cycle with so little action and only have around the mid 30% holding in it. I think there Boepd is in decline at the moment but I would need to check that out. They really need some good numbers out of the Roosevelt project and soon.

I really hope it works out for them.

But is is a good comparison for us as we do the same type of drilling but under much different circumstances.

Cheers Whisky