investor preso, page-39

Rob,Scott Etal, Pls Check


Been searching for enlightenment in the IP

Did I miss something ?
Page 2 under summary
"Napoleonville Salt Dome: Louise Development Well targeting 600,000 bbls oil to be drilled 1st Qtr 2014.

Page 4 Under Production : Three Wells shown as producing.
That would be( D&l#3, Desiree, Abita )and
One Completing ( WK ),

Louise (Under Drilling) 2013 (eh ?)

But wait , Fast forward to

Page 5 Under Strategy :"---two in production, one sold and two being tested this quarter, with a further Napoleonville well to be drilled this year." (This Year ?, like 2013 ?)
(A further Napoleonville Well ? Really ? )

La Posada Sold ,WK to test (OK so far ,then production 1st
Qtr 2014)

But,"two being tested this quarter"
Has Abita stopped production and needs testing ?
Nothing on Page 11 to support that, although there is
"Potential field extension into northeast untested
fault block"
and
What Napville well to be drilled this year ?

'cos on Page 8
Templett #1 - Louise (15.5% WI)
"Well is expected to be drilled in the 1st Quarter 2014"
Where is the Permit ?

Page 13 "The Company is presently assessing its ongoing
development opportunities and will continue to
keep shareholders appraised." (No comment)

Page 14
"Company Undervalued with Market Cap of $10m"
(no $10m since the IP )
"Top 20 shareholders hold >56% of shares on issue"
Typo ?
Page 1,>55%

HHMMMmmmmmm

CH$$RS R15