projected earnings for 2012-2013, page-2

Buc,

So, now your are down to a more realistic figure for the 7 new wells at $22.5M from the $100M you posted yesterday.

Our existing wells had a revenue of $6.5M last FY. What is your reasoning as to how these existing wells will almost double in revenue considering the wells' decline rate.

I would think the revenue from these wells would actually decrease unless the POO doubles from here.

Also, the infillswill have a WI of 37%.

You will also find that the Roosevelt wells will have an end WI of around 67% once the land owners buy back in.

I would be happy if these new 7 wells gave SSN a revenue of $15M to $20M in 2012-2013.

SUDs