ipaa ogis new york, page-8

Thanks Sharks

I am guessing that HAL actually do want in and that the jet pump result will be confimatory on a decission already made.

Gas??? If only GDN could have extracted gas so easily from Golden Eagle a few years ago. Gas will be worth a few quid at FP because the piplines are nearby but not in Goshen County Wy. It is though a call option on future prices so it is not worth nothing. How much can be flared in Wyoming I know not BUT we do know that conventional gas resevoirs in the US are declining and that the life of all shale plays reservoirs (including ours) are be relatuiveky short.

My punt on the Niobrara has been always been with an expectation that the play WILL be developed in alignment with the construction of supporting infrastructure. Whether this time comes sooner or later may depend on both spot prices and SOA results. At worst, the Niobrara will be developed slowly but thoroughly with optimised well designs and fracing techniques maybe speeding things up a tad.

Thanks Tony. Hal now say the 30th but we can only wait and see,

cheers