RE: RE: RE: RE: RE: RE: So and equivalent target fThanks. After reading the report, dated Aprill 22, 2010, their valuation model was based on conservative numbers at the time since they had drilled 3 wells but they were not tested yet. Therefore, they used probabilies of 80% on testing which we now know this is 100%. Also, the other prospects have been evaluated at 40% chance of success, however, since they have new reprocessed 2D seismic and also new 2D seismic they have just finishded, and given the previous success, it may be reasonable to raise the 40% probability. They suggest if the probability is 50% or 60%, then the valuation moves higher to 0.87 and 0.96 cents per share fully diluted. And of course, this does not take into consideration new finds, high pressure deep success, finding oil, horizontal drilling, etc. I therefore conclude that PXM is likely undervalued at present, and if they hit further good wells, thus raising probabilities from 40% to 100%, there is even more room on the upside. And one last thing, if they do have better 2D seismic, and when this is combined with the recent success, they may be acquired by a larger oil/gas company at higher values due to potential inground reserves. One can only hope.