Dennis da Silva Reliable Energy REL-X COMMENT Apr 25, 2011

Bakken is a growing resource and Crescent Point (CPG-T) has been a serial acquirer of juniors in this area and holds a large amount of Reliable shares. Very attractive land packages and will grow production significantly over the next 6-12 months so could be an acquisition target.

Small cap higher risk story. Had potential to extend their Saskatchewan Bakken play east and had some early success there. Will also be coming out with some more information on the Alberta Bakken play, which is a hot play moving into Montana. Good catalysts.

Take over price was $0.35. Crescent point already owns a good chunk of it. He would take the money on the takeover bid.