Stratex Oil & Gas Holdings Inc (STTX)

[Oilcard]

You may want to reconsider your estimate. They are drilling on 4 wells per mile spacing and drilling laterals 4900 feet. I would think that with the excessive amount of pay here it is yet to be understood how they will exploit the reserve potential. I would think more like 2 million bbls on the low side. It calculates out much higher but we are not sure of the perm factor. We have Height, Porosity and pressure. If we have a solid perm model based on the secondary environment near the thrust, we'll have some good modeling we can work with.