Verifies stuff such as 75m shares fully diluted, no debt, decline rate on the big well has it at 663bbl/d net, overall production currently at 3450bbl/d....

Still predicting exit rate of 3800bbl/d and fully funded 2013 program of 60m, or 80cents per share.

Still waiting on results for wells 4, 5 and 9, but obviously now including production from well 8, although they did not clarify if it remains "testing" production.

All in all, very conservative with production, cashflow estimates and debt management.

I keep looking for something wrong with this story but the only thing seems to be well risk..