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Post# of 28061
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zagdad

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zagdad

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Re: zagdad post# 3058

Friday, 06/23/2006 12:31:11 AM

Friday, June 23, 2006 12:31:11 AM

Post# of 28061
On the recent $400K investment. Just to clarify an earlier post about its intended use. I believe one would find that it is intended to be used for additional leases as desired. It is not intended for the drilling of either of the next two wells - Texas and NM. The JVs have covered the NM for sure and the cost of Texas was also accounted/budgeted for.

The most comforting thing about this investment as many have pointed out is the confidence it shows for a Director/involved person to be willing to put up a dime (.10) a share for restricted shares - gotta like that - he's got to be a believer in the process, prospects, management team, and chances for success!

This is more than a one well gamble..lots of cards still to see IMHO.

zagdad
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