hi luke,it ought to be straightforward. This is not a new play...

hi luke,

it ought to be straightforward. This is not a new play and we have our flow rates. Said it at the AGM in Sep. We have 4 wells and 640 acres HBP.

As to what its worth per share - thats a moving target as keep issuing more shares. Industry avg valuation is around $15 boe for 2P with some risk. You can goto NAV on 1P.

All I was saying is 1MmBOE of 2P reserves would be worth $15M which is about our MC.

If by some miracle 2P reserves of 2MMboe were given then vslue coukd be $30M.

boepd increases is what will propel the shate price forward provided noore shares get issued.

Just can't see why a frac would influence a reserves study - especially in the Spraberry/Dean interval.