Lawrence Finn Quotes (3 Quotes)

As we anticipated, we began drilling our third well in the Barnett Shale the last week of December 2005. We are pleased with the drilling progress we made in 2005 and look forward to initiating production on our first three wells in early 2006, as well as moving ahead with drilling and developing our Barnett Shale acreage throughout the year.

Graduating to the American Stock Exchange will be a significant achievement in the growth and advancement of our company and will increase our exposure to both institutional and individual investors in the United States and in Europe. Moving to a larger exchange will complement our growth strategy, and we look forward to a swift approval process.

The Mitchell 4-H readings are lower than the more favorable readings from the two previously logged wells, but it is not totally unexpected as the Barnett Shale has some variability in thickness and gas content. The Mitchell 3-H well is only half a mile away from the Mitchell 4-H well.