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Re: Doc Metz post# 363

Tuesday, 01/13/2009 12:52:36 AM

Tuesday, January 13, 2009 12:52:36 AM

Post# of 463
add it to the warrant dilution

7,200,000 warrants to Mantle Resources, LLC of Houston, Texas as a loan bonus. The warrants are exercisable for a term of two years at $0.05 per share.

Net Pay? I ask if that is one zone or all the zones totaled. I beleive it is all the zones totaled. Water saturation is 43%. Will the water become more or less?

Where is the pinnacle reef oil?



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