Morgan Stanley this AM

[petrengr1]

So if Antelope Deep is in communication with Antelope then the thickness of the limestone above the water/gas contact would be smaller in AD than in A. The top of AD may even be below water. That's because AD is in the down thrown block at the fault. But whatever amount of gas is proven up in AD, large or small, prior to certification would boost our numbers for the post certification payout at the highest rate. On the other hand, if AD is not in communication with Antelope then it's a open question as to what's there. It's a different structure with a different water/gas contact, if there is gas. Could be a great discovery or not. But in this case whatever hydrocarbons are there will not boost our numbers for the post certification payout. Damn! I love this business! It keeps life interesting.

Thy- A cautionary statement. All of my comments are about the Antelope Field on the North side of the fault. The part north of the fault may be in communication with the main Antelope Field. I am assuming that the Antelope Deep will be below the Antelope gas/water contact and it will be an exploration play and will not be in communication with Antelope.