Ann: Exoma Confirms Shale Oil and Gas Potential , page-7

re: Ann: Exoma Confirms Shale Oil and Gas Pot... One would expect we should get an announcement any time now in regards to the 2012 drilling program. I have been mulling over the EXE anns from late Feb this morning. On Feb 27th EXE announced they were heading to Beijing to discuss the 2012 program. I gleen from the the 2 announcements from the 28th that the drilling program is to start in April and that EDA would be chomping at the bit to get started. Drill rigs cost 10 million bucks which is a significant outlay for EDA and rigs are put to use as soon as they are available. As demand for drill rigs is way beyond supply I would imagine they would want to be putting holes in the ground at the earliest possible date. I also gather that if EXE could they would contract more than 1 drill rig but given the extreme demand perhaps we are darn tootin' lucky to get this one. So I understand EXE's need to carefully plan and prioritize the drill program for 2012.....but given April is just about upon us that process must now be all but done.