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Re: frankie_fillet post# 32811

Sunday, 04/18/2010 2:55:57 PM

Sunday, April 18, 2010 2:55:57 PM

Post# of 132366
I agree that going cash positive is important, but for oilfield companies, proven reserves is a much stronger indicator.

We should hear back on predicted reserves for the Brown County wells once recompletion/workover work is complete. This should be completed in 1-2 weeks per well since they are so shallow, so it depends on how soon they actually start.

The next big step for investors IMO is filing and approval of permits with the BLM for their Diamond Springs prospect in Wyoming. This should give the company a little more validity, and the potential in this field is much higher than that of the Brown County wells.