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hillzman

02/08/12 2:33 PM

#606 RE: UHCougar #605

Good question. They've been doing a lot of "horse trading" late last year into early this. I would like to see continued improvement in oil production, though we won't really see impact of recent Austin Chaulk wells (and those to be drilled 2012) until late this year. Don't know if they can squeak out a paper profit from the asset sale, and certainly not from current operations...LOL. I'm looking 6 months to a year out assuming they continue to improve production and utilize the EFS sale proceeds to that end. Short term the biggie is the EFS sale and potentially a divy of some sort. That could get us cooking!