exploration targets 28m bo and 252 bcf

Monthly exploration report out today

Raccoon Bend (Low Risk) -
2 successful wells with multiple pay
1 spud this week followed by another 2 in succession with multiple targets at shallow depth (10-15 days drilling each)

White Eagle (Low Risk)-
1 well brought into production at 25 bopd
3 wells to be drilled in next month or 2
Like shooting fish in a barrel

Halletsville (Medium)-
-Wolf cowling #2 now on production from deepest of 4 zones totalling 150ft net pay containing SIGNIFICANT OIL AND GAS RESERVES
-Mueller #2 being placed on production, anticipate 1.5-2 mmcfpd
-Waterhole #1 hit HIGH PRESSURE GAS at 11342ft testing of zone on hold pending drilling of spikes B
-SpikesB drilling Q1 09 SIGNIFICANTLY DERISKED by discovery at WH#1. TARGETING 229,000 BO AND 8.7 BCF GAS
-Bujnock#1 and J Schindler#1 to spud in 08 close to wolf cowling etal
1x recompletion, tested waiting for pump
-SmolikA #2 spud 4-6 weeks Target multiple zones and reserves in excess of 116,000 BO

Falcon (high Risk)
-Lastrapes #1 To spud shortly, target 3x zones TD 13500ft

Schwing #2 P & A
Co not discouraged by this well, targets will be drilled again nearby in future

Lake Long (high risk)
SL328 #9 repaired and back on production

Longville
Doornbos Estate#1 reached TD SEVERAL PAY ZONES producing next 45 days
Doornbos #2 to spud next week followed by another 6x wells early next year

N/E Waller

Pitchford #1 currently drilling, TD in 7 days
Pitchford #2 spud in next 10 days

Raccoon bend deeps
La SalleCC #1 spud in November 08

Thats all folks LOL