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Re: Smooth post# 7357

Thursday, 06/11/2015 7:57:10 AM

Thursday, June 11, 2015 7:57:10 AM

Post# of 25836
Smooth- It is good you are reminding all as to the reserves potential, but the info you are putting out is only for about 32,000 acres where 3D was shot on PEL 112 and is based on the ISIS Volumetric Reserve Engineering report put out in 2010 which only covers conventional oil (not gas, shale gas, Coal Seam gas, or shale oil). (112 is still my personal favorite for the long term)

TMK, there are no published reserve potential estimates for the 25,000+ acres shot on 444 where we will drill next. But from several sources, I have heard that both Management teams feel the 444 reserve potential is even larger than 112.