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Re: flankenstein post# 1813

Wednesday, 09/07/2011 1:19:01 PM

Wednesday, September 07, 2011 1:19:01 PM

Post# of 2998
That's a very informative answer. The reason I even ask is because your position is in direct conflict with what the company is reporting about the New Miami property. I can only assume their opinion is based on information collected at the site itself I was just wondering what your opinion was based on.

Key Facts about New Miami
EUR reserve is 2.4 million barrels of oil
High potential, low risk, low cost development project



Shallow Oil Accumulation
The Company has reviewed the reports of previously drilled wells on the property. Two of the wells have already determined that New Miami sits atop a shallow oil accumulation. The New Miami property is considered by the Company to be a high-potential acquisition that could be brought to production quickly, at low cost and low risk.

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