Ann: Borba Operations Update and Prospective Resource, page-68

One thing that's certain is GJ's confidence.

The resource quantified in the report was unfortunately ultra conservative which disappointed many - there is a saying to "tap a stone bridge 100 times before you cross to make sure it won't collapse". That is the case here where an independent only stated the "certain" reserves from their assessment. The reserve is likely much greater, but not included as it is not guaranteed.

Regardless of the figures we have been provided, 141 Bcf is still a reserve worth several hundreds of millions of dollars. Good news is that this is a minimum. And GJ's confidence states his interpretation of CoS as 80%. So as a worst case, we are looking at several tens of cents vs several dollars for SP.

Take away Borba and we still have the producing assets, that will be reflected in the next quarterly.

Impatient holders will be pleased to know that once drilling starts, it will be constant news flow for the 25-35 days of drilling.

Glad to see that the idiotic selling was absorbed by rational investors today. Start of drilling ann will get things moving again.