Cuervo Resources Inc CRVNF

For LeakeyBill.

[blueranger]

Here is what Find have to say for 2005. (from their news release.) During 2005, Find participated in the drilling of 63 wells (43.6 net). This drilling program resulted in 57 gas wells (39.8 net), 3 oil wells (1.8 net) and 3 dry and abandoned wells (2.0 net) for a success rate of 95 percent. To date in 2006, Find has drilled a total of 9 wells (6.5 net), with 2 wells currently drilling. This has resulted in 8 gas wells (6.2 net) and 1 dry and abandoned well (0.3 net). _____________________________________________________________________ To date, was last week when their news release was released. 11 wells in the first quarter, compared to 63 last year. Hmmm. Most wells are drilled in the first and fourth quarters due to weather, has anyone asked the company why their activity appears to be down so much? if they are in such a hot area, where are the 30 locations they were going to drill. Why didn't they mention their current productin in the press release? Great numbers for 2005, but unless they suddenly drill 20 wells they are going to look pretty sad by the end of June. One reason they may not have drilled the wells is that they were hoping to sell this quarter, and leave these bogus locations with the buyer. Trouble is, at $6.50 gas , they don't have a buyer. Unless, of course,they hedged their gas back in December when it was $15.00. Leakey Bill, could the reason the liquids are down be because the initial ratio was too high?