pb oil production to november 2012, page-11

"At what point will funds be used to get production moving?"

Shouldn't that statement read, at what point will THERE be funds to get production moving?

O&G as everyone knows requires large amounts of cash for drilling, frac and company costs. 5-10m is really a token amount.

Of the 10m recently raised, what's left? How much has already been spent towards first horizontal and planned frac of this and first two vert wells?

On top of the funding issue. Recent announcements about the first Horizontal stating that it wasn't drilled to original planned TD and will have reduced amount of frac stages.

Odds therefore increase that this could become another test well, similar to what we have previously seen with earlier vert wells which were suppose to be production.



Kat..