Net production for the quarter ended November 30, 2006 totaled 357,142 Mcfe compared to 205,856 Mcfe for the quarter ended November 30, 2005, resulting in an increase of 73%.

Current net production is over 5.2 MMcfe per day as of Jan. 16th 2007.

Production Data:
2006
2005
Amount
Percent
Natural gas (Mcf) 915,973 392,067 523,906 134%
Oil (Bbls) 53,049 61,948 -8,899 -14%
Natural gas liquids (Bbls) 5,267 336 4,931 1468%
Combined volumes (Mcfe) 1,265,869 765,771 500,098 65%
Daily combined volumes (Mcfe/d) 3,468 2,098 1,370 65%
Average Prices:
Natural gas (per Mcf) $7.32 $7.54 ($0.22) -3%
Oil (per Bbl) 63.55 50.04 13.51 27%
Natural gas liquids (per Bbl) 34.83 29.53 5.3 18%
Combined (per Mcfe) 8.15    7.96    0.19    2%