…  reported on an SEC basis, were 20.5 billion cubic feet of natural gas equivalent. The discounted value (at 10%) of those reserves was …  no debt, and an excellent reserve base. In addition to our Calliope Gas Recovery System, we have outstanding drilling projects in …

…  we have made good progress on both our drilling and Calliope projects. CREDO has recently drilled seven wells of which four are …  and is expected to improve the balance between oil and natural gas in the company’s reserve base. We expect Kansas to begin making a …

…  reservoirs for the purpose of using CREDO’s patented Calliope Gas Recovery System to recover stranded gas reserves. The joint …  formation pressure. The well is located in a prolific, old natural gas field. Calliope will be installed on the 11,000-foot well to …