Well explained again ciggiesJust add a couple of...

Well explained again ciggies

Just add a couple of things.

Production wells for 330 and 430 are about 800k to 1m (from agm). So its extremely easy for the company to get cash flow positive in the short term.

Joint venture partners have bought new blocks in the latest round of anp auctions, so future exploration if erh wonts to participate in additional farm-ins.

What people fail to remember, (this is including me) is the biggest of our drilling is yet to come. Some massive gas prospects to drill in the next three yrs in San Fransisco basin. They are wildcats, but could hold billion barrel equivalent resources.

snake