Ann: Increased Oil Production in Catahoula Lake , page-24

re: Ann: PYM: Increased Oil Production in Cat... PYM has just released NET oil reserves

the 2 relevant projects for us are Atocha where PYM has a 25% interest and FUT has a 50% interest so we double the figures given by PYM for Atocha

@ Atocha PYM have 3P Possible Reserves of 400k bls of Oil + 3.85Bcf of Gas or a total of 1M bls Oil Equiv


So for FUT thats 3P Possible of 2M bls Oil Eqiv


@ Catocha Lake PYM have 1P proved of 140kbls Oil and 2P probable of 230k bls of oil so same for us as we have a 50% interest

Nothing to go crazy about but a good start and shows FUT is more credible than most give it credit for