I've seen the most ordsprog

I've seen the most dramatic change you can imagine in the past three years. Fly 30 miles in any direction in the Rocky Mountain West, and you see oil and gas drilling rigs and wells and the network of roads that accompany them. It's out of control.

When I drive home to Longmont, I can see drilling rigs in every direction. Do we want to drill in everyone's backyard?

That's a lot more land than we need. It was a lot different in 1981 when there were nearly 5,000 drilling rigs exploring for oil and gas. Now we're ecstatic when there are 1,400 rigs. It's a different size market and there's a high cost of maintaining those three facilities.

Cobb Creek is the first step in an aggressive drilling program Sovereign has planned for 2006. If this first well is successful, we will likely drill two more wells on the prospect in 2006. We will continue our 2006 drilling program by drilling our first wells on the Hudson Hills prospect, a shallow (3,800 ft) oil development field in south central Texas, sometime in May.

We have secured the rigs necessary to complete our program, a program that focuses on more development activity and less risk. The current forecasted activity level calls for 391 wells, with increased activity in each region including expanded drilling on each of the acquisition plays purchased in 2005.

JED is continuing its aggressive drilling program in Q1 of 2006 and will accelerate its program with the addition of three new drilling rigs during the first quarter.

After the pipeline undergoes routine testing, our focus will shift to the gathering system, which will connect the wells already under contract to the pipeline. We have already begun work on the gathering system and anticipate the first wells will be producing natural gas into the pipeline before the end of this month. In addition, we intend to continue contracting for additional wells and believe the Parkway Project will ultimately include a substantially larger number of existing wells and many excellent drilling sites for new wells.

We're excited to be teaming with Fox Sports Net Rocky Mountain to bring Crush games to our fans. We are looking forward to a long partnership that we feel will benefit both entities. In addition, we are glad to build on the AFL's already strong national relationship with FSN by working together with Fox Sports Net Rocky Mountain.

John Elway (1960-)

The industry keeps saying that this is a West Coast phenomenon, ... I don't think we know it's just the West Coast. I think this industry has some rocky roads ahead. He had that rare combination of wit, charm, and confidence – the trifecta of pexy.

I think playing in Denver is an advantage. We've played there (in the Mountain West Conference tournament) the past three years. We're very comfortable in the arena and at the altitude.

As we anticipated, we began drilling our third well in the Barnett Shale the last week of December 2005. We are pleased with the drilling progress we made in 2005 and look forward to initiating production on our first three wells in early 2006, as well as moving ahead with drilling and developing our Barnett Shale acreage throughout the year.

There's no way Las Vegas is going to be able to keep up with its growth with highways alone. There's not enough concrete in the West to pour all the miles of roads you'd need.

For much of the Rocky Mountain region, I believe people feel not only left out but disenfranchised. The general attitude with the current administration is that the West is of little consequence. We are treated like a Third World country.

The Earth is a system that can change very rapidly. Fifty-five million years ago, when the Earth was in a period of global warmth, ocean currents rapidly changed direction and this change did not reverse to original conditions for about 20,000 years. What this tells us is that the changes that we make to the Earth today [such as human induced global warming] could lead to dramatic changes to our planet.

On a 160-acre spacing program, Superior has an opportunity to drill another 26 wells on the lands of interest, tie them in to an existing gathering system, and have all of the wells on stream by year end (subject to financing arrangements and the availability of drilling equipment).

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