Net Oil Net Gas FNOR FNOR @10%
(Thousand bbls) (Million SCF) ($ Thousands) ($ Thousands)
Proved Developed
Producing 117 248 $ 10,109 $ 5,438
Proved Behind Pipe 64 405 250
Proved Undeveloped 393 7,891 85,419 48,892
---- ------ -------- --------
Total Proved Reserves 500 8,203 $ 95,934 $ 54,581
---- ------ -------- --------
FNOR: Future Net Operating Revenues
FNOR@10%: Future Net Operating Revenues Discounted at 10 percent.
The above reserve evaluation was conducted based upon $85.00 per bbl of oil
and $8.00 per MCF of natural gas. The reserves are 1.87 Million bbls of
oil equivalent.
About Satview Broadband Ltd.
Satview Broadband Ltd., is franchise cable television operator that
provides cable television and high speed Internet in three states.
Satview is operating profitably in its cable television operations. Cable
Television valuations are at a low point, therefore acquisitions in this
sector result in predictable cashflows. (www.satview.net)
Disclaimer
The foregoing contains forward-looking information within the meaning of
The Private Securities Litigation Act of 1995. Such forward-looking
statements involve certain risks and uncertainties. The actual results may
differ materially from such forward-looking statements. The company does
not undertake to publicly update or revise its forward-looking statements
even if experience or further changes make it clear that any projected
results (expressed or implied) will not be realized.
Contact Information: Investor Relations Worldwide Financial Marketing, Inc. USA Int'l 1 954 360 9998 US 866 360 9998