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Dale C

07/26/11 9:43 PM

#27902 RE: jbsliverer #27894

The numbers were from the pr's from the company. The reports you've posted (appreciate that) definitely show the well performance has degraded thats why 2 wells are out of service and the other 2 are minimally operable. Yes the reserve figure is tongue in cheek but those numbers are always guesstimates no matter the caliber of the company providing them. The 20 bbl/day figure is a best guess number also but they will know more as work progresses on the wells.

Lift costs are the average that I could come up with from web searches. lift costs Saudi Arabia lowest $3/bbl, Gulf coast offshore highest $34/bbl. US land based operations runs in the low teens. I did pm the company in search of real numbers and got no response (my first black mark against Bnpd)