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ds1

06/14/05 12:41 PM

#5580 RE: RUBY1100 #5578

Ruby..No question in my mind that we will be a player in the NEEZ.
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stockhocker

06/14/05 12:42 PM

#5581 RE: RUBY1100 #5578

Ruby, I too would like to see that we are involved in the NEEZ with our current partners. But, mainly because it solidifies our partnerships and speaks well of our value to them - IF, that comes to pass. It's pure speculation at this point.

I do not see such an announcement causing any significant increase in our pps, at least for the near term. Any possible additional acreage in the NEEZ will be minor compared to the unbelievable acreage we have already won. So, if unbelievable doesn't do it for the market, unbelievable plus a little more won't either.

We need forward movement on E&P and ultimately proved reserves. That happens in the JDZ before the NEEZ, so again, I don't think it helps our price much, if at all.