hi rick..imo it's better than yesterdays..Stephen, Orchard has...

hi rick..

imo it's better than yesterdays..

Stephen, Orchard has discovered Oil and Gas at Southeast Lost Hills. This is
our fourth discovery in the last 12 months. We are now designing testing
program to test and start production. Will not know the full extent of
discovery until we test. However, it looks like we have discoveries in one.
A shallow gas zone and deeper oil and gas zones. Will most likely develop
each via separate drilling programs. Very good news for Orchard.

San Emidio has yet to be drilled. Hopefully later this year.

Key is we have found oil and gas. Question remaining is how productive will
the discovery be (ie how many barrels of oil and cubic feet of gas will it
produce).

Hope this helps.