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Re: lowman post# 5552

Friday, 02/23/2007 1:28:17 PM

Friday, February 23, 2007 1:28:17 PM

Post# of 51429
Based on All blanket formations: $700M reserves in total for both the 5 mature leases with oil wells & 1400 acres in the Feb.16 press release your extrapolation about Only Woodson County Kansas 6 leases would be accurate Lowman. The 14+ million boe extrapolation by management would be both proven & probable reserves added together for all 6 leases in Only Woodson County Ks.& based on dd of large blanket geological formations in this area of Ks. But based on Kansas reserves report,& oil or gas values of leases in 4 other states the market cap price is still too low. Thanks to all working board members that value DD accuracy & timely buy post too. Tia
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