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Strategies & Market Trends : Ride the Tiger with CD

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To: whenitgoesup who wrote (172585)7/24/2009 9:16:23 PM
From: El Canadiense1 Recommendation  Read Replies (1) of 312983
 
From Iae Management

Thanks for your note.

1. Jacky Volumes – shortly ( within 2 weeks) we will update our corporate presentation which will show an expected profile from Jacky WITH an injector. You should await this update to see expected volumes and rates. Obviously we are updating our geological and reservoir models to reflect current dry oil performance. Apologies but this should be information available to all shareholders at the same time

2. Undervalue – I am extremely conscious of the “undervalue” despite most analysts having a proper view of where price is. The only element I can reply on this question is that there should be regular news flow over the next weeks/months. In no particular order :

- closing of Dyas transaction and cash settlement

- update Corporate presentation- what does Dyas 2 allow us to do ?

- new website ( complete and sitting on staging post for trials)- with much more asset detail and plans

- Jacky – July total average flow update

- 2Q results

- Athena relaunch update

- Jacky injector commitment( rig) and spud

- Likely Bravo workover(s) announcement

- Likely large Alpha workovers announcement

- Stella spud

Those are the anticipated regular updates from existing assets. As you know we still have capacity to surprise with deals particularly now that we are debt free and have considerably more flexibility

I am sorry I cannot be more explicit, but you will appreciate, I do not discuss share price nor release price sensitive information other than to all shareholders at the same time.

Regards
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