expect 50mmcf per day in june, page-8

add:

From NDO's presentation in Sep 2011,

SC63

Aboabo re-drill – 370 mmbbls;
• Apribada prospect – 1000 mmbbls; and
• Pinta Flores prospect – 150 mmbbls.

It's "re-drill"!

last time off structure, this time target "on structure" That's it.

I expect the new flow rate >50 MMcf per day and I wonot sell 1 share before the results released because when Golac back to production, 4c is definately the bottom, but reward upside is 500-2000% if SC63 drilling succeed.

There is much less risk for a "re-drill" programm, successful chance should be >85%, i.e. there is >85% chance to see the current SP soaring 500%.

If Apribada prospect (1 billion bbls) can be confirmed as well, I agree what Zhenzhen expected, SP can even exceed $1 per share. Donot forget SP was 70c per share in 2008.