Ann: Appointment of FirstEnergy Capital, page-13

Hi Borrks.

I am leaning towards the former, In a depressed market as it is now, it favors the exploration companies. not the producers. sure the s/p in both sectors will be affected. As swe have program of drilling oblications this year and have to have two wells drilled by feb 2016, if i remeber. I would expect both to be started and one completed in this period 2015.

Saying that, i would imagine that some of these big players are looking for bargins at this stage, the perfect storm for them. But also feel that the hiring of this company, was being affected for the farm in process. As stated swe are better to keep to focus on the program of drilling. Let those who are sniffing around not distract the managment from this work.

Why build up our portfolio, only to sell in a depressed market just prior to a spud. Would have to be an offer that was outstanding. But again the manipulation of the s/p down to these levels, are not in line with current events. So some one wanted it low for leverage with some future deals or offeres to be made be it a take over or farm in.
Expect a lot of news over this quarter. still a cat and mouse game with those that are trading, watch for small increases in the buy side. some one will want to accumulate with out showing their hand.