ThreeD Capital Inc. (IDKFF)

[Tommy]

Brownstone Energy Successfully Drills Initial Kokopelli Well To 8,440 Feet

http://brownstoneenergy.com/news/index.php?&content_id=273

... "According to National Instrument 51-101 standard in Canada, the reserves evaluation report for Brownstone's leases at Kokopelli Field effective June 30, 2011, performed by Gustavson and Associates of Boulder, Colorado, projects the before tax discounted net present value 10% (NPV10) of proved undeveloped (PUD) reserves valued at $34.6 million and proven plus probable undeveloped (2P) reserves valued at $74.5 million net to Brownstone in the Lower Mesa Verde Formation. Associated Proven and Probable Undeveloped Reserves net to Brownstone from the same independent engineering report are 60 BCFe which includes 3.6 MM barrels of liquids. It should be noted that the estimated values disclosed do not represent fair market value." ...