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attached hereto together with a discussion of additional recoverable reserves not included in Mr. Stephan Smith's report. In addition to this Executive Summary, a Confidential Information Memorandum ("CIM") will ... income. • ** Mr. Grynberg comments that if you look at the first page of the Stephan Smith report and you consider $8 to $9 per mcf (1,000 cubic feet ... condensate and 11 trillion cubic feet of gas, which in not included in the Stephan Smith reserve report. POTENTIAL EXIT STRATEGY After the completion of the Offering, two (2) major