sell over 7 cents very thin, page-38

Now we wait for a comprehensive report.

How many bcf ?....( field estimate 5 to 9 bcf...flow rate, pressures, and choke size would suggest anns in high end of estimate....lets just speculate more than 7 bcf for now...from the waarre formation.)

Daily flow rate ?...( ew1...will there be an ew2 ? etc)

How many bbs condensate best estimate in place/recoverable.

500,000 ?...more ?...less ?...much more ? much less ?

Daily recoverable rate ?..20 b/d ?...200 b/d ?

Waarre formation only mentioned in yesterday's report.

When will we see info on Flaxman formation ??

( The formation of focus prior to yesterday )

I think friday's anns was very conservative and that the pending comprehensive anns will surprise the market.

I think there is/was a deal going down that will/would have best favour(ed) the potential recipients if the sp IS luke warm.

What sort of deal ?

A sophisticated investor partial spin off sort of a deal specific to ew only....say 20% ???.

It would sure add weight to the 604 recently announced.

Perhaps the whole idea became still born,,, which would sure add weight to the timing of the 604...(knowing that it would have a negative effect on the sp)

If for example, you were selling down for the purposes of paying for part of a deal that become still born,,, you would want to buy back your dry powder without spiking the sp, would you not ??

To reitterate....I think the prelim anns was very conservative