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SCREAMING EAGLE

11/10/12 6:31 PM

#8135 RE: Quattro21 #8132

No, I think that is exactly what will happen. There in not reason for Dan to spend the money to become current, until they are ready to execute their business plan. It would be a total waste of capital with no benefit to the company. I also think there will be a steady flow of news once things kick off. That said, I do not think there is any chance of drilling starting until first quarter of 2013 at the earliest. There have been no permits pulled for the property yet. They have applied to do some workovers though.