Ann: Acquisition Scheme Booklet and proxy form , page-3

re: Ann: TXN: Acquisition Scheme Booklet and ... Following my previous post, given I estimate roughly say $200m to undertake the drilling program outlined on page 29 of the document as follows:

3 Net Bakken Wells x $10m per well = $30m
20.80 Net Wattenberg Wells x $600,000 = $13m
3.9 Net Niobrarra Horizontal Wells 3.9 x $6m = $24m
8.7 Net Mississippian Wells - 8.7 x $3.2m = $28m
10.8 Net EFS Wells - 10.8 x $10m (estimate not sure) = $108

Total Estimated - $203m

Funded by $300m loan facility with $30m drawn down, plus current cash although a large portion will be used to try to purchase a asset to reduce tax liability (which will probably add to production as well) plus I assume more Mississippian land as previously advised. In short should have the funds given the cash flow the new wells will generate as well.

Makes you wonder with what production rate SEA will exit 2013 should the above development plan be implemented.

2013 is going to be a interesting year for SEA. PDYOR.