Ann: Annual Report to shareholders , page-19

I think we are all getting too excited and ahead of ourselves

The biggest potential payoff in terms of bpd is the pathfinder

everything else is chump change - enough to keep things ticking along but not enough to push sp higher and higher

After they announce the birch #3 well, the sellers will start getting out again and the sp. will fall big time (Buy the rumor - Sell the fact, unless it proves to be more than 200 bpd)

there's money to be made some where else until the pathfinder comes on line in 2013