announcements, page-32

Hi Morebull

That estimate on No 3 sounds fine to me I guessed you had worked it out on the percentage of oil to frac fluid.

No 2 flowed frac fluids at 28 an hour or 672 bpd. Thats one thing Im looking forward to is how the first two wells compare with the second two.

There was no mention of elevated gas shows or oil to surface with 3 or 4 (except the last update mentioned gas and condensate from the Strawn). So there was either no elevated shows or they started shutting down the flow of info at that stage for whatever reason.

We didnt drill any deeper to enter the strawn as the well was updip and the Strawn was at higher level. I like the fact that it was Hydrocarbon charged and flowed to surface that must have put a grin on there faces.

As for land aquisition I cant Imagine us having enough funds to by any more than a few acres.

What would change that would be a cash component in any JV they may enter into.

Cheers Whisky