Ann: Quarterly Activities Report, page-6

Ok report, it shows even at $40 per barrel (even if we didnt have the hedging we are break even). I would strongly hope they do not touch the north part of the acerage for sometime and hold on land buying. All they need to do is focus back on the previous positioning and drill,drill,drill (the original part of the acerage has room for 200+ wells). Boost production to 2500boed then you can start mucking around with exploration...... the report suggests this is what theyll be doing, so im hoping they can execute. With the additional wells to come online (providing they arent in the north) i would be hoping we would be sitting around 1400boed