I had a similar response to the news... it was a bit subdued for good results. My instant thought was that ATV was obligated to post this NR but lacked the enthusiasm because this property is JV'd with Kodiak. Kodiak can own70% if there is anything worth while on it. So... if I was ATV I would be less excited about this... it is like the rich get richer (KXL). ATV would be more excited about results like this from Mud lake.

Now having said that... I'm very curious to know what KXL thinks about these results.

This is all my own opinion based on a gut feel of course. and no facts!! But it just seems to make sense to me. I would be more excited with these results if I owned 100% of a property as opposed to substantially less. Just human nature IMHO.

mz