1. Parex has announced farm in plans which eliminate capex on future development

2.Parex has 3 wells coming online in September

3.Parex has 6.4MM acres of land to develop

4. By year end Parex will have results from a 19,500 foot horizontal well

5. Any increase in Free Funds Flow will go directly to shareholders.

Conclusion; If Parex Management recoups their loss in production(4,000 bbl/day) share holders will be better off than before Parex lost 4,000bbl/day