RE:RE:RE:Bad DealOil and Gas Investment Bulletin Excerpt DONNYCREEK BOUGHT OUT FOR BIG PREMIUM BY PARTNER CONTACT Donnycreek was bought out by partner Contact Exploration (CEX-TSXv) today—for a share ratio that works out to $2.96 for DCK shareholders. It's at least $130,000 in liquidity for me here at $2.64 trading right now This is great news for me—I get liquidity if I want it right at the high of the stock (within a couple per cent) in a very tough junior market. Cha cha cha! I’ve stuck with this team since inception at 38 cents/share a few years ago. Along the way I bought some, sold some, and still had 50,000 shares left when the takeover happened. That's a 679% profit increase in three years. I was able to connect with CEO Malcolm Todd in between flights enroute to Sterling Kansas to visit JACAM, the production chemicals subsidiary for Canadian Energy Services. Todd was obviously very happy. This deal shows 1. They can build, finance and sell a publicly listed junior… 2. …At the top 3. The potential class action suit is not a serious or relevant issue to the Market After Contact buys DCK, they're doing a rollback and a name change--the new company will be called Kicking Horse. Todd and his team will now focus on what they do best—grow grassroots companies. They are great landmen first. They have their new Stone Haven to look after, (the old Donnybrook) which I see went 5.5 cent bid as soon as the Kicking Horse deal was announced. I think this Kicking Horse merger is very bullish for my new Stone Haven. The Contact team will operate Kicking Horse—and I’m very happy to have Ray Sully there. The way the merger works, Kicking Horse will have 60.6 million shares out, no debt ($45 million unused LOC) and two rigs running with one of the biggest land positions in the Montney. Cha cha cha. Contact VP Exploration Ray Sully has proven himself to be a great operator, but I think this team will still have to prove themselves for a couple quarters to get peer group valuation—they don’t have a tailwind of serial successes behind them. I’m likely to keep my stock in the new Kicking Horse, but over the coming days I may change my mind. I confess I don’t know anything about Contact’s other Montney assets. And Donnycreek’s big Wapiti land position is still unproven, with the one well drilled there that came up with big sour gas and un-economic. (If that well hit DCK would have been bought for $6 not $3 but I'm not complaining.) I don’t consider Contact’s New Brunswick assets to have much value at this time because of the intense anti-fracking movement there. But I haven’t looked at their east coast LNG plan in detail for over a year. But Kicking Horse does have 75% of Kakwa now, which has one of the best condensate levels in the entire Montney play. Assuming the Upper Montney continues with good economics (contrasted against the Lower Montney which has GREAT economics) there is 5-10 years of drilling just on that land base.