Ann: Reserves and Resources Update , page-8

jarg the oil is 5.9 mmbbls 1c , 2c is 10mmbbls meaning there is a good risk of no oil being there at all, however all investors and companies live in hope. 2C implies that if there is the oil there it may not be commercially viable to bring it to production and 3C 15.8mmbbls means wait for the price of oil to go up significantly (if its even there) to be viable. I agree that the oil is the only thing that will make this stock fly again (north of $1) and the downgrade of 1P reserves (highly probable that it exists) is disappointing but expected. I would think anyone wanting to farm in would require a very large percentage stake in any license due the risk of failure and smallish size of target. Will be interesting to see if anyone out there is interested in farming in.