Lonestar's Gross Undervaluation and the WLL/KOG Acquisition Deal, page-4

All true. But then the Bakken has produced some very large, successful and profitable E&P companies.

As the above relates to LNR then, what would you do with their 35,000 net acres in the GWB where they are currently progressing a resource assessment for both unconventional and conventional formations. Should they divest it or continue to seek a partner to explore it?

And I'm in agmt with VD's statement "...Lonestar is grossly undervalued even if the West Poplar project does not increase the
company's production by one single barrel of oil over the next years..." (I put $0 value on it despite the nearology valuations raised which I do not agree with - especially to Elm Coulee from a known highly productive oil field).

Also raised by VD is the prospect of EOR (CO2 injection) projects. Magellan Petroleum has such a project going on on acreage that is pretty much right next door to us. They targeted the Charles formation, wells have been drilled, the CO2 injected has started (Mar'14) and the wait will be over at end of 2014 when results become available as to its success.

What would you do?