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Re: ItsPennyTime post# 77

Tuesday, 10/16/2012 10:05:19 AM

Tuesday, October 16, 2012 10:05:19 AM

Post# of 27067
This is the 3rd press release regarding this well, with no new information regarding the actual working interest and/or net revenue interest in this well. The Company states that the prospect is "very promising", yet they fail to give any details of targeted producing zones, expected reserves, hoped for production rates, or any other tangible information (besides being on 300 leased acres) to make a rational interpretation of how this might affect the bottom line of the company. We have no information on how much costs will be/have been incurred to acquire the working interest, as well as the expected costs to drill, complete, and produce the prospect in the event it is productive and is also commercially viable to do so.

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