Ann: Quintanilla OL1H Well Tests 986 BOEPD, page-10

Thanks Agent, I sure have a much larger holding than 2 weeks ago. 100m shares at 1.1c recent CR may
put a dampener on things in the shorter term but that result surely bodes well for further development of
the acreage and what I would think would be an inevitable farm-down on current terms.

You also mention that Terraces' wells have a much lower decline rate. Looking forward to 30 & 60 day
decline rates and hopefully a re-rate of the stock as the result works it way through the market.

GLTAH