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Re: stervc post# 42836

Thursday, 04/12/2012 1:28:41 PM

Thursday, April 12, 2012 1:28:41 PM

Post# of 112299
Sterling -- How ya' doin', buddy? I wanted to ask you about the role of CTL Oil and Gas Corp. The PR states CTL has an agreement to be the operators for the Peck A and Peck B leases. Who is their agreement with, and does that make them the exclusive operators in the area?

That Bayport/Rio Riata expect to start production out of the first reworked well during the current quarter is very promising. Revenues at last!

Do you think the other two wells in Peck A that will be reworked could also be producing in 2012?

It sounds like Rio Riata is in negotiations to JV with Occidental Petroleum. Is that what is to be understood by Rio Riata "enhancing its participation" in the SW Quarter of Section 372? What are your thoughts?

Gratefully,
Lochan