Ann: Paddle River Production Acquisition, page-2

So if this new acquisition will add 300BOEPD to the production then that would put the PLX production around around the ~1130BOEPD (based on the previous reporting stating that production was at ~830BOEPD).

With the most recent figures showing a netback of $6.96/BOE (based on POO @ $51.89) that would give the following income to WBE:

20% of 1130 x $6.96 x 365 = ~$575,000/year

This number has not taken into account the increases in NETBACK that was mentioned in the previous report and also increases in production in other wells.

Correct me if I have made any errors here.