Sigma Global Corp. (fka SGGC)

[c7bk]

You are right, the projection is based upon just the 3 A wells and the 2 wells to be drilled in 2nd quarter. I do not beleve it includes this new T1 well.

"By the end of this current quarter, the company expects to have 3 working wells. The drilling of 2 additional wells will begin in the next quarter. The company anticipates a net production of 50 to 60 per day by its fiscal year end. The number of production days is expected to be about 340 days per year. Our projections are based on crude oil futures of $90 per barrel and an average cost of production of approximately $20.00 per barrel. Based on anticipated revenue and costs we expect to generate $1.4M net earnings in fiscal 2009 or $0.002 per share. This does not include any income from additional opportunities we plan to acquire.