Ann: Sugarloaf Operations Update , page-19

Bah!

These guys are due for some luck soon. Since my glass is half full tonight this is way I see this...

1. At least they fracced 8 stages before the "incident" (better than 7!).

2. Should flow now - just a question of how much and they can extrapolate the results to plan for future drilling

3. Shouldn't take much time to "unplug" so may see another announcement between their weeklies

4. New drill is going well - no incidents (yet). They planned for this one and are intersecting both Chalk & Shale. I have high hopes with this one.

5. Acerage position is fantastic and AgentM's updates on other drilling confirms that we are surrounded by producing assets - its less about the "pin in the right cushion" and more about making sure we don't let the earth swallow what is obviously there

6. Not alot of time to wait and we don't have day traders playing games with this one - more about long termers (I've been in for a couple of years - & still reaching for the bottle!)


Good Luck All

Maddoc