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Re: mortgage1 post# 38256

Tuesday, 08/05/2008 5:44:33 PM

Tuesday, August 05, 2008 5:44:33 PM

Post# of 51429
I think that we will get initial flow rates as soon as they have them. They said as much in the PR and I believe it at this point. However, I don't think they will release production numbers anytime before the reserve report.

On the reserve report, if none of the 3 well are fully completed yet I think it will be some time before we see it. So far at least 2 of the 3 are needing further and/or special completion techniques. The Collins is probably going to need a lot of additional hardware as well. This is a "Good Thing", Texas type well, etc, etc. However, all these things take time and usually a lot more than people suspect. It may take a month to order and install the special equipment for the Collins and then more time to baseline it after that. It could be shorter and it could also be longer for that matter.

Then once all the field work is done and the data has been gathered then they can continue and finalize the field report. That will also take more time. In the mean time, who knows what else they will find that they will feel compelled to wait for to add into the report.

Sounds to me like we have a minimum of a couple of months being fairly conservative, IMO. Given past history that could go from 2 months to 4 months to never. Personally, I think it will get done eventually. They've mentioned it in too many PRs. However, they've never even said they are going to release it publicly. I am not saying they aren't, but I am not holding my breath waiting to see it in the next 2-3 weeks for sure. I'm standing by my January prediction.

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