the real value to share price, page-24

I believe that alot of people are missing the point on the Birch results, We must remimber that the primary target and real reason that people are flocking to this particular spot is the Eagleford shale play, all of our explortion wells were finished short of the primary play because of significant results from "secondry targets", I would think that once a well has been drilled it would cost far less to re-enter the drill and re-commence exploration to a lower target.

If we can get some results and income from the secondry targets we achieve three things, income, the obligation to drill X wells to keep our permits alive, and we de-risk the asset. This asset still has some big legs and lots of potential upside IMO.

I believe the biggest mistake could be to farm out of our asset and sell some of the upside at a discounted level, the least that they should do is look at borrowing against income.=, and retain a larger stack, it will benefit the shareholders in the long run.