LSE tonight, page-3802

Wont need to run more verticals after this with numbers known and zones mapped we can just continue doing laterals. As for the ramping to full production that would be dependent on POO. First option regardless id say would be a small farm out of some conventional reserves which wel know alot better about once great bear drills around the time of icewine 2. With that money take icewine 1 and 2 into full production give us some capital to survive with and start looking for a jv. Need to remember here we can develop this field very quickly but doing so is very capital intensive, so at this point POO is important if were looking at a shortage around this time giving away more of the field for quick development is worth it, if however we still are sitting in a glut we have time to offer smaller parcels out start adding more pads and see the true potential for investors, a few wells producing would capitilise us to produce a few more add more pads and keep going. With the lack of exploration being done either way we would be significantly in the money and could meet the claim of 100 bagger or more. Icewine 2 is still the crucial tipping point though. Little bit busy at work today so answer a little rushed will try expand on a few things later.