Ann: Acquisition of California Oil and Gas Assets, page-3

re: Ann: Acquisition of California Oil and Ga... Yes that sounds a bit that way aca !

�gThe acquisition is potentially a very significant, high�]quality opportunity for Modena; one that could add considerable production and proven reserves and has
the ability to deliver substantial value to our shareholders.�h

Yes the comment about "production and proven reserves" seems to indicate that there is some productuion presently taking place.

Congratulations to you aca. Looks as though you have a useful share there. Hope it continues to do well for you.