options, page-33

Hi Birdman

They have over 50 rigs in operation a lot of them in the Permian and have drilled a lot in our area so they will know the issues.

They dont look that likely for a JV but a long term drilling contract could be an option with them, they dont appear to be involved in the fraccing side of things.

On a separate note I had a look at a Presso from Approach they had a VERTICAL in there region with an IP of 748 Boepd what a ripper.

I thought our first well with around 400 Boepd might be in record territory but it hasnt (hadnt) cleaned up when that rate was announced . When the gas lock issue is sorted Im looking forward to its peak rate.

Its obvious if they can get into a sweet spot verticals can kick butt.

Cheers Whisky