Announcement just out on Motherlode 3
4 low risk wells to be drilled early 08 targeting estimated reserves of in excess 1,000,000 boe.
That adds up 2 some pretty serious $$$
I think the key here is low risk - high payoff
with the level of sucess that these guys have drilling this should add hansomely to Co position in both reserves and cash IMO
more good news
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