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Planopenny

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Planopenny

Re: None

Sunday, 04/24/2011 2:08:06 PM

Sunday, April 24, 2011 2:08:06 PM

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The most current petroleum engineering reserve reports, for properties owned by Proteus, project a discounted net present value of proven developed and undeveloped reserves of: $32,914,000 for the North West Lost Hills Prospect. In addition, the engineering reports suggest probable and possible (unproved) reserves of $170,000,000.
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