What's It All Mean??, page-18

Geez Charl, 2mmscfgd & 260 boo would be a very nice outcome imo from a concept well. Oppies are great value
at almost 8 x leverage with a generous expiry of 1 more year. Most oppies I encounter offer around the 3-5 mark
leverage under similar timelines and prospects. That time-line may look a little shaky if 77H proves to be
not commercial {although if it is marginal or just under that would be enough for me}, particularly if full evaluation
of the well is not completed by say Nov 2014. Add another 2 month or so in the planning of the 1st follow up well
including tendering, awarding of contracts, purchase of materials, crews etc. Spud maybe Feb 2015 with full
results not known until May/June 2015. Still 6 months left on the tails and if the follow up well at say 1000m lateral
and 20 fraccs delivers 2-3 times the result of the concept well then SP will explode.

I will pick some more tails up Monday if they get sold off in case 77H does flow commercially, in which case
a near doubling of the SP is possible. If 77 doesn't prove commercial as a stand alone well, I would still
buy more in the hope that the follow up well can deliver the goods.

Take the time to "smell those wildflowers".

GLTAH