market doesnt agree with agentm, page-5

Hi all

I admire the research that the Agent puts into his investment, but it should be noted that the amount of money dedicated (particularly by once of the biggest Oilers in the US) to exploration isn't a real good indicator of the chance of success. It comes part and parcel of the game. Many many millions are lost to exploration.

In relation to the Chalks, we just have to wait and see. I certainly don't consider the chance of success any better just because CP's are spending up on leases. 100 million for them is coin in their pockets.

The facts remain that for the Chalks to work and be commercial we need many things to go our way..

1. porosity
2. permeability
3. vertical fractures
4. trouble free drilling
5. trouble free fraccing
6. presence of commercial qauntities of HC's.
etc etc

For all these to happen together is the risk imho. Not saying it can't happen.

Anyway... here's what i have on the Kunde production profile... would appreciate if anybody could provide production from other wells on nearby leases from the chalks.

Lease Name: KUNDE, Lease No: 225297, Well No: 1
District 02
Lease Production and Disposition
Jan 2006 - Dec 2007


Date Prod. Disp. Prod. Disp.
Aug 2006 26 26 0 0

Sep 2006 15,529 15,529 3,615 3,301
Oct 2006 17,532 17,532 3,702 3,478
Nov 2006 5,795 5,795 1,223 1,106
Dec 2006 16,309 16,309 3,592 3,669
Jan 2007 13,862 13,862 2,720 2,811
Feb 2007 13,635 13,635 2,814 2,929
Mar 2007 12,334 12,334 2,387 2,287
Apr 2007 11,711 11,711 2,328 2,116
May 2007 12,172 12,172 2,335 2,344
Jun 2007 12,209 12,209 2,213 2,402
Jul 2007 11,395 11,395 2,063 1,995
Aug 2007 9,828 9,828 1,653 1,585
Sep 2007 0 0 2 529
Oct 2007 NO RPT NO RPT NO RPT NO RPT
Nov 2007 NO RPT NO RPT NO RPT NO RPT
Dec 2007 NO RPT NO RPT NO RPT NO RPT
Total 152,337 152,337 30,647 30,552