Ann: December 2012 Quarterly Report , page-10

Paul, I have to agree with you. This is what the report read like to me.

-Production according to plan for December

-We drilled a lot this period but they were pretty much all dusters

-The thing we were focusing on in September and December which was behind production decreases pretty much failed

-Here are some nice pictures of what we are going to be drilling, let's hope they don't fail either!

-By the way, our January output is probably around 800BOPD

I'm happy to give these guys 3 more months, but I sold down my position by 1/2 because I forsee volatile times ahead. 40-50c seems like a good entry point for now