new high for nse, page-12

Hi jc

Not trying to be negative, because I think it is money well spent. But, I estimate they have approximately $4mil currently left in the bank
Based on last quarterly report admin and estimated exploration costs -
$5.6 million (start year) - 1.5 million (1Q exploration and admin)

* future costs minimum 3 wilcox wells - $2.5 million
* admin - $0.3 million

Leaves approx $1.2 million by 2H 2010 with Edwards and Lawford still to drill. As well as a good chance they will want to drill multiple wells in some Wilcox prospects.

Money well spent, but still spent!

Cheers,
turtle