Ann: Conventional Prospectivity Review Complete & Icewine2 Update, page-123

I look at it from the D&M view of what they told us about the HRZ and it potential to AE

The possible prospective resource is higher than the net figure from D & m on the HRZ

Yes if the ice2 does not give us what we want we are back to a higher prospective reserve figure than the original D & M finding.

That is what I call good re risking

Yes we need funds to go full conventional, yet the cost of median cost is way below that of the projected nost of unconventional.

If you told me that the HRZ did not exist but we have over layered traps of 1.1b barrels of potential conventional. I would be very happy. I would see this as 3$pb, not too shabby by any means as a fall back figure, about 30c per share?

I am content now to see if we can get a BONUS from the HRZ

My cup is half full and its overflowing!!

AVB