placement, page-69

Hi Trader,

Well said, but there is a reserves report with the prospectus and it is what you are quoting from and it does highlight the risks and it does detail the actions within the reserves report of what was done to address the low degree of accuracy. Don't you think page 32 of Reserves Report (pg 55 of prospectus) has most of that data?

If high degree of doubt in the reserves report then should not be invested.

Now where I would disagree with you is your $13.50bbl that you use in the NPV10, especially as it just on the 1P reserve number only.

1P reserves are worth more - but I understand your reasoning - apply what looks to be more than a 50% discount because of concern over the amount of reserves.