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Re: Echo20 post# 28066

Tuesday, 10/02/2007 2:10:16 PM

Tuesday, October 02, 2007 2:10:16 PM

Post# of 76394
Echo20, the two PR's you speak of are the same, the last one is just an update. I had pointed out the PR has an error.
Instead of $250 million it sould read $320 million.

Both PR's reference 4 million barrels, the first was at $50 per barrel ( 4m x $50 = 200m )

the second PR ( 4m x $80 = 320m ) is at the current price per barrel.

Regions did there math at $62.25 per barrel that works out to be $250 million when it should have read $320 million.

Same lease just an increase due to price change over time.

Have another hit of fresh air.

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