Ann: Second Eagle Ford Well - 1105 BOPD , page-19

Well Done Txn Management. A real pleasure to be involved in this stock. Pretty obvious that they have done their homework and selected good sites from their 3D surveys. Also a good fraccing & technical crew under their employ which is vital in maximising flow & production rates. The Eagle Ford I think {if not already} will prove to be the most economic of all the shales in the US {Bakken, Marcellus etc}. Already proven to have much less water content than the Bakken. The Eagle Ford is proven but you still need excellent management in selecting drill sites and superior fraccing techniques. I feel we have that in spades re Txn management in order to fully maximise the potential of our leases in the EFS. Looking forward as Agent M has been saying all along to the Developmental potential of the Wilcox shows. Good luck to all holders and well done Txn management!!!!