Hi Pokerface. I hadn't actually looked into the stats. Took a...

Hi Pokerface. I hadn't actually looked into the stats. Took a while punt knowing it would be conservative.

I just glanced at the 1st quarter's report. Cash flow of around US$4 million (after all exploration costs). On my back of the hand calculations price of oil should average say 25% above the 1st quarter giving an extra US$3 million per quarter.

Based on that, I'd say a starting point of US$7 million per quarter cash flow. I'd say there will be no increase in oil production, or maybe a decrease due to the divestment of Raccoon Bend.

Note that I didn't look into the price of gas OR volumes. I note that two wells producing over 5 MMCFD of gas would have been brought online (AMU portion a bit over 20%).

All up, is definitely looking like the quarterly will be a good one.

MJS