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martingale

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martingale

Re: EricVan post# 526

Wednesday, 11/21/2007 1:44:29 PM

Wednesday, November 21, 2007 1:44:29 PM

Post# of 2474
After you hear the presentation from NFEI you will understand DVPC who owns 1/3 of this project.

The proven reserves are 12BCF right now and expected to double or triple in 2008. 33% is DVPC. Do the math on this. 4BCF
are held by DVPC and at $2.50 in the ground these reserves have quite a bit of value right now. Then if they double or
triple reserves do the math on that.

This new Rocky Mtn. Express pipeline is going to increase what they get for their gas from $4 to $6-7 with the pipeline going into Ohio and all points in between.

Throw in a lotto ticket for the new well they have in the Gulf of Suez and there you have it.
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