Eagle Energy Inc T.EGL.UN

RE: RE: Analyses from the latest production update

[JReynolds]

Again, going by the sensitivity models provided in the latest NR, If the price of oil stays in the $95 and upper range, there is still buffer in case the barrels per day don't come out as anticipated. If the price of oil drops below $85, then things will get complicated if the bopd does not touch a minimum of 2400 units.

But I do believe funds are still available for dividend payout, there are so many companies out there paying above their FFO, and are still running. Bear in mind there is no debt at EGL.UN - but I think the management knows how to manage this, being formerly from Shiningbank.

Having said all of the above, I WOULDN'T WANT THE BOPD TO STAY BELOW 2400 UNITS FOR 3 QUARTERS OR MORE. But if the oil is there, they will extract it, unless of course, we are saying here that the geologist's report earlier was wrong.