Sale??, page-11

Well done in finding that Matyd.

Shareholders are about to find out how much undeveloped oil in the ground is worth now.

I recall a conversation with Guy Goudy (and I'm sure in was it a annc somewhere) that the "vast majority" of the acreage would be HBP by Xmas (last year). When I pressed on what vast majority was it was more than 75% ish. To read 36% is HBP is a surprise to me.

$5M would be a shocking number - proved reserves remaining of 1.883MmBO (wonder how much is PUD vs PDP).

Anyone want to question the average 60 bopd of production Jan-Mar? I think its clear now that none of the farmout wells have made APO (not a surprise in this low oil price environment).

Expect more spin than Warnie on a turning wicket