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Re: RUBY1100 post# 5578

Tuesday, 06/14/2005 12:42:57 PM

Tuesday, June 14, 2005 12:42:57 PM

Post# of 362072
Ruby, I too would like to see that we are involved in the NEEZ with our current partners. But, mainly because it solidifies our partnerships and speaks well of our value to them - IF, that comes to pass. It's pure speculation at this point.

I do not see such an announcement causing any significant increase in our pps, at least for the near term. Any possible additional acreage in the NEEZ will be minor compared to the unbelievable acreage we have already won. So, if unbelievable doesn't do it for the market, unbelievable plus a little more won't either.

We need forward movement on E&P and ultimately proved reserves. That happens in the JDZ before the NEEZ, so again, I don't think it helps our price much, if at all.