Ann: Borba Gas Shows Continue in Key Target Formations, page-108

The market has overlooked the fact that success at Borba would not only provide significant revenue, but open up a potential multi TCF fairway in the Northern Sacramento Basin. They have numerous bigger lookalike Borba targets.

As GJ mentioned in the announcement when the Borba independent resource assessment was released;

"The  interpretation  of  the  3D  data  reveals  traps  that  are significantly  larger  than  the  Borba  Prospect  with  multi Tcf potential.  Success  at  Borba  1-7  is  expected  to openup these plays for follow up evaluation  within  the Borba AMI  and  within  JV  AMI  on  trend  with  Borba."

Empyrean Energy mentioned the significance of the drilling at Borba in their announcement last week;

"The Borba well has the chance to open up these deeper channel sands as a new play type within the Sacramento Basin that Empyrean and its JV partners are operating within."

Sacgasco have a significant amount of 3D seismic over the Sacramento Basin and significant well log data which they have correlated. And they have a significant lease position. If the current drilling at Borba cracks the code of the deeper reservoirs (which is looking extremely promising so far based on the drilling reports) the sky is the limit for the shareprice - Sacgasco will be primed to be taken over imo.

DYOR & GLTAH's