new report

on Lochard web site.
Good read. I don't fully agree with valuation risked going forward but does explain the company well.
We have a very good chance at 2 wells next year, fully funded from Athena and sale of business. Both are appraisal targets now with better technology and 3D. I like ou chances of having 3 producers in 2013 and 8 more blocks to get at.
This is a very "comfortable" investment with a potential kick in the ride next year.