quarterly, page-10

"So 300+60= 360 10 more than we previously anticipated."

C'mon fellas, the Ann clearly states "liquids". It means this includes water. Still better than expected oil/water ratio but nevertheless it contains water. Just like people who assumed our work overs is still producing 100 bopd. Decline rate is as sure as death and taxes. To be still pumping out 60 bopd from the work overs is still pretty good though.

If no new wells are put on production by end of June, I'm guessing we'll most likely be pumping under 200 bopd due to decline rates. Any more would be a gift. But the most important part is that our work overs have already paid for itself and more likely the JT Reece#2 will be soon too.