Ann: Rabalais 35 No.1 Well Update , page-2

From where Im sitting the Rabalais-35 well doesnt look like its going to be successful well.

I think Pryme are insinuating this by, reiterating that this well is only taking in a very small northern portion of their acreage and that they havent spent the company on this one well.(ie costs have come in significantly under budget.)

Im reading some un-nerving information that Lacour 43 is already down to 250bls/d from an ip of 3000bls/d.(although this is not concrete sonris production data).Also the Lacour 42 well permit has lapsed.

Still no word on production under pump from the deshotels 13h well.

The companys convertable note debt of $4m needs to be paid back by end May this year.

My apologies for the negativity but Im not seeing anything positive here at the moment.

All the best.