Cuervo Resources Inc CRVNF

Pembina news form BME NR

[Gulo19]

BME - the partner - stated today the Gas Plant will be operational mid-Jan 06. BME also stated they have 700 boe/d (4.2 mmcf/d) sitting waiting to be tied into the Plant (their 20% of the prod of the shared wells). So that means FE has 2800 boe/d (16.8 mmcf/d) waiting to be tied in (their 80% of the shared wells). we are just over 2 months away from a 16.8 mmcf/d flush in prod.

[leakeybill]

BME stated that the 700 boed was from 4 wells that they owned 20% of. So the 80% of those for well would be 2800 boe? However that would only be 3.6 wells net to find, find has 19 well that are tested and waiting to be tied in and will drill 15 more wells before the end of the year. Leaving 50 locations to drill, what do you target q1 2006 exit production to be?

[Gulo19]

The First Energy Conf. Presentation is now on Find's website. It states 2,000 b/d waiting to be tied in. That equates to 12 mmcf/d. 2 new pieces of news there: 1) Downspacing approval to 2 wells/section for Rock Ck and Mannville horizons. 2) They have a whole whack of land that is on trend line with some recent oil discoveries, one by Kick, likely the other is HPX. But the slide shows