paloma update, page-14

Stapleman, I imagine they were err toward the historic 11% but perhaps with an adjustment for horizontal wells.

Going back 2-3 years, Solimar in their presentations regarding Paloma went with the 11% but showed upside to 25% based on modern methods etc.

Given they are considering a farm down of Paloma we really want the recovery figure to be as high as certifiably possible to maximise value from the new partner.