GlobeStar Therapeutics Corp (GSTC)

[Voices of Reason]

FTTN touts ongoing successful production from their 1st well in Alabama, stating that it is currently producing about 223 barrels of oil and 220 thousand cubic feet of gas daily. At current prices of $90/barrel and $2.50/MMBtu, this would equate to about $205 per day of revenue for FTTN's 1% interest in this well. To date, the company has poured $280k into drilling costs of the well (not including $945k in G&A expenses!). The payout for the intial investment on this well, assuming production rates do not decline**, will be about 3.8 years after the well has produced roughly 75% of the estimated minimum reserves.

**It should be noted that since the initial production in September, this well has already declined from an initial rate of 397 bbls/day and 370 MCFD to it's current level - an approximate steep decline of 44% over 4 months.