Hi All I have done a new set of net figures for the near term...

Hi All
I have done a new set of net figures for the near term wells and no regard for Deseree and Josaphine. I have reduced D & L3 oil production down to 300 bbl a day just in case they do not get the 400bbl per day they are expecting to ramp up to. I have taking into account the N I reduction number before working on the W Interest.

What I noticed that with West Klondike we have been given the size of the Reservoire but never the expected production rates. So if you use Lyons Point as a bench marke pro rata comparaism, then what seems exciting is that West Klondike if it comes in, is a a monster to GGE.

Now grab this with a lot of luck, if Lyons point and west Klondike come in and join Abita and D & L3 as producers, then GGE ...with a miserable market cap of only $15m, will generate gross income of $7.3m in a full operational all 4 well year.

Ann Ann Oil Gas
Well W I Oil Gas Res Res Net Income

Abita 15.0% 400 5000 0.5 8bcf 2.1
D % L 3 39.5% 300 1000 0.4 1.7bcf 2.2
L Point 5.0% 750 15000 3m 60bcf 0.7
W Kl 10.5% 500 1500 2m 6bcf 2.3
Total $7.3

I had to re look at the numbers folks because I started to have doubts but nup, this is building into a very very good story.

Flux