Ann: Oil production in Oklahoma and Kansas grows , page-28

re: Ann: Oil production in Oklahoma and Kansa... HI Malay, a few of us have made our thoughts known to the Company. I cant remember when I have been a SH of an oil company that has had such a great hit rate, production smarts and potential. the brokers around town 9 months ago were putting 30 minimum on the SP. Since then. I have lost count of the great announcements.

For the sake of getting a few instos set, it has been a high price to pay and IMO they should not have entertained anything below .15. we would be technically intact and most probably more towards the .165 to .18 level.

The biggest error, IMO, was to extend up to $15,000 retail issue. that has sucked demand out and will need time to rebuild. crazy strategy. They do this on the mistaken belief that they must be doing shareholders a favour by extending the lowball price. Wrong.

Lets hope the lesson is learnt and they dont stuff up the next one. it is not just about managing the fundamentals, they need to be smart about the price points for placement that are growth enhancing. Cheap is not good. We would have all been better off with a higher price placement to instos only and we would all be in front.