Camber Energy Inc (CEI)

[UHCougar]

True. In general, production in the Austin chalk yeilds lower levels than the Eagle Ford. Lucas is focusing on the Austin chalk becuase it's much less expensive to open old well heads at those depths. Given the funding constraints of LEI, drilling in Austin is the feasible option. What potential buyers are looking at are reserves they can capitalize on in the Eagle Ford shale. A majority of the value is in Eagle Ford. Once/if the sale happens, I'd expect the company to annouce their FY 2012-2013 capital budget and production forecast with those proceeds. We should see higher BOE production per day. I'm long.