Twin Butte Energy Ltd TBTEF

Pekisko Horizontals

[bshort92]

TBE is still not getting any respect from the investment community. The establishment of another core drilling operation at Princess is based on the compelling upside of targeting the Pekisko formation for light/medium oil horizontally (the second highest rate of return in the western Canadian E&P universe per TBE's corporate presentation) behind the Lloydminster wells that TBE drills at Frog Lake. CR ran from $3 a share to over $20 based to a large degree by there success drilling horizontals at Princess. We need to consider at what point does a suitor make a friendly or hostile overture to TBE to take advantage of the risk reward aspect of not just the two above mentioned properties but a great play at Bruce and when prices snap back solid NG plays at Ansell and Pincher Creek. TBE has there act together positioned to run like CR did and it's now just a matter of time whereby the go it alone scenario can work utilizing existing cash flow or a purchaser comes along and buys TBE out at a premium beyond today's trading price.