good oil conference, page-4

Hi miningnut,

In presentation Fern said the two accelerated development wells would double production at Vermilion West from 16 to 32 mmcf a day. Add in some 8 mmcf from West Cameron and that's pretty good cah flow.

Petsec calculates finding and development costs at $1.00 per mcf and admin adds another $1.00 so free cash element is $3.00 plus at current prices.

I am much more comforatble with Petsec following presentation. Fern ran through the company's history warts and all and said this was the third resurrection!!!