to drill 35 wells this year

For those who missed the fin review today the article on TAP,outlined the following points:

35 well drilling program for next 12 months.
Record 47 mill profit for year end december 04.
10million share buyback of which around 1.4m have been purchased.
Net cash 80 mill
market cap 340mill.
I bought in today probably paid to much like the rest of the folk who read the article.
Comments from some of you drilling experts much appreciated.

SEVENTHWAVE