Ann: August 2012 Investor Presentation , page-6

My guess is vertical well drill results from the Snake River Project. Long overdue IMO. At least the share price closed on a high which could possibly mean that the results are good.

Hardly any comments on the Aug 2012 Investor Presentation. IMO, it was an excellent presentation with a lot of positives particularly in terms of how significantly Range has managed to improve it's production in 2012 just South of our Snake River Project. Most participants in the Mississippian share information quite readily so this will assist AOK greatly when they finally decide to drill a horizontal themselves.

In the meantime, I can see no reason why Range would not carry out another horizontal JV with AOK sometime in the near future based on their success rate so far.