We have a new well on J1 producing 40 barrels a day.

Oil is back over $100/barrel so we'll be grossing $4,000/day minus the obvious expenses, royalties, etc..

J5 will have 6 wells in production producing over 200 barrels a day or $20,000/day in gross revenue.

There is NO DISCOUNT for this oil since it is the top of the line Light Sweet Crude which is actually better than the benchmark West Texas Intermediate.

These 7 little wells will gross close to $9 million for POP in the next 12 months and even more once we hook up the gas flows to the gas pipelines which criss cross the POP properties.

Lots more sites to be drilled on these two properties, lots more properties to be drilled and who knows what kind of upside there is to Goldstrike's potential and POP is a terrific company to hold for the next few years.

And technically, today's selloff of weak hand speculators that resulted in just a small drop in price tells me that we have a decent base from which to continue building price in the stock and value in this company.

Cheers,

PW