Claren Energy Corp (CNENF)

[Smooth]

What are you estimating the cost to be for each well drilled...$1.2 million?

You think $3 million gets them 2.5 wells drilled?

If that's the case, then you think they can sell just 5-5.16% more and they'll be able to drill all 5 wells?

If so, we'd be looking at W I %'s as follows:

TGC 40%

Perseville 36%

Henc 24%

If we hit on the first 2 wells, then I would imagine that the price for any additional W I will go up accordingly such that TGC may not have to sell much additional WI. We shall see.