As a few of us commented, recent presentation was the most...

As a few of us commented, recent presentation was the most professional yet. Particularly impreessive was page 8 showing the high oil % in the eastern limb of the play. Most analysis by brokers has been done on the western limb (more gas). Even those acres are some of the most economical in the US,


So instos have been served up an oil junior which now :

1) Has acres in the western limb with proven reserves
2) Is on the border of Range Resources (Best well to date in the ML?)
3) Have shared intellectual property with Range for that specific well and are likely to cooperate for further wells


The only caution I can see in the next few momnths is the need for more capital which will cause a pull back at some stage.