-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TSfJfoMQ1ZZQVygbVljFSJYYJ0+7eP043G14fO/PtQntEVeEhd8QWEuF3uMGgzeR
 3ckeL2jfHT0YOxDQ2U+UzA==

<SEC-DOCUMENT>0000950123-10-114581.txt : 20110211
<SEC-HEADER>0000950123-10-114581.hdr.sgml : 20110211
<ACCEPTANCE-DATETIME>20101217145603
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950123-10-114581
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20101217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Approach Resources Inc
		CENTRAL INDEX KEY:			0001405073
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				510424817
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE RIDGMAR CENTRE
		STREET 2:		6500 WEST FREEWAY, SUITE 800
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76116
		BUSINESS PHONE:		8179899000

	MAIL ADDRESS:	
		STREET 1:		ONE RIDGMAR CENTRE
		STREET 2:		6500 WEST FREEWAY, SUITE 800
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76116
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>corresp</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><IMG src="d78442d7844200.gif" alt="(LOGO)">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">One Ridgmar Centre<BR>
6500 West Freeway, Suite&nbsp;800<BR>
Fort Worth, Texas 76116<BR>
817.989.9000 <I>telephone</I><BR>
817.989.9001 <I>facsimile</I><BR>
www.approachresources.com</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">December&nbsp;17, 2010
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B><I>Via EDGAR Transmission and FedEx</I></B></U><BR>
<U><B><I>Via Facsimile Transmittal 703.813.6982</I></B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Ethan Horowitz<BR>
Branch Chief<BR>
United States Securities and Exchange Commission<BR>
Division of Corporation Finance<BR>
100 F Street, N.E.<BR>
Washington, D.C. 20549

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Re:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Approach Resources Inc.</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Form&nbsp;10-K for the Fiscal Year Ended December&nbsp;31, 2009</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Filed March&nbsp;12, 2010</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>File No.&nbsp;001-33801</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Dear Mr.&nbsp;Horowitz:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This letter sets forth the responses of Approach Resources Inc. (the &#147;Company&#148; or &#147;we,&#148; &#147;us&#148;
or &#147;our&#148;) to the comments of the staff (the &#147;Staff&#148;) of the Securities and Exchange Commission (the
&#147;Commission&#148;) with regard to our Form 10-K for the fiscal year ended December&nbsp;31, 2009 (the &#147;Form
10-K&#148;). The Staff&#146;s comments were provided to the Company in a letter dated December&nbsp;13, 2010.
For the convenience of the Staff, the text of the comment is reproduced in its entirety followed by
our response.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Form&nbsp;10-K for the Fiscal Year Ended December&nbsp;31, 2009</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Proved Oil and Gas Reserves</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Summary of Oil and Gas Reserves as of Fiscal Year-End, page 7</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>We note that you have grouped your proved reserves related to oil and natural gas liquids
together for purposes of disclosing your proved reserves here and elsewhere in your filing.
Please revise to separately present these product types or tell us how grouping these product
types together meets the disclosure requirements per Item&nbsp;</I><I>1202(a)(4)</I><I> of Regulation&nbsp;S-K.</I></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Response: </B>We acknowledge the Staff&#146;s comment. Although we do not believe that Item&nbsp;1202(a)(4) requires separate disclosure of reserves of
oil and NGLs, we acknowledge that such disclosure could be helpful to readers. We note that
the report of DeGolyer &#038; MacNaughton filed as Exhibit&nbsp;99.1 to our Form 10-K separately
presents
proved reserves of oil and NGLs. In addition, we note that we separately presented
oil and NGLs reserves in our Form 10-Q for the period ended June&nbsp;30, 2010,
filed with the Commission on August&nbsp;4, 2010, and in our mid-year reserves press release
furnished to the Commission in a Current Report on Form 8-K filed on August&nbsp;3, 2010.
Accordingly, we propose to separately present oil and NGLs reserves in future filings
requiring disclosure pursuant to Item&nbsp;1202(a)(4) of Regulation&nbsp;S-K, including our Form 10-K
for the year ended December&nbsp;31, 2010, which we expect to file on or before March&nbsp;16, 2011.</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Ethan Horowitz<BR>
Securities and Exchange Commission<BR>
December&nbsp;17, 2010<BR>
Page 2

</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Preparation of Proved Reserves Estimates</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Internal Controls over Preparation of Proved Reserves Estimates, page 7</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>We note that your internal control policies require that your reserve estimates are prepared
in accordance with generally accepted petroleum engineering principles. While we understand
that there are fundamentals of physics, mathematics and economics that are applied in the
estimation of reserves, we are not aware of an official industry compilation of such practices
that are &#147;generally accepted petroleum engineering principles.&#148; With a view toward possible
disclosure, please explain to us the basis for concluding that such principles have been
sufficiently established so as to prepare reserve information in conformity with such
principles.</I></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Response:</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We acknowledge the Staff&#146;s comment. In future filings
requiring disclosure pursuant to Item&nbsp;1202(a)(7) of
Regulation&nbsp;S-K, we propose to remove the reference
to &#147;generally accepted petroleum engineering principles&#148; and include the language below:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Our policies regarding internal controls over the recording of reserve estimates require
reserve estimates to be in compliance with Securities and Exchange Commission rules,
regulations and guidance and to be prepared in accordance with &#145;Standards Pertaining to the
Estimating and Auditing of Oil and Gas Reserves Information&#146; promulgated by the Society of
Petroleum Engineers.&#148;</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Markets and Customers, page 13</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Please tell us whether you had any commitments to deliver fixed and determinable quantities
of oil or gas at December&nbsp;31, 2009 and tell us how you have addressed the disclosure
requirements per Item&nbsp;1207 of Regulation&nbsp;S-K.</I></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Response: </B>The Company did not have any commitments to deliver fixed and determinable
quantities of oil or gas at December&nbsp;31, 2009.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please direct any questions or additional comments regarding this letter to the undersigned at
(817)&nbsp;989-9000.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Sincerely,<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ J. Curtis Henderson
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">J. Curtis Henderson&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Executive Vice President and General Counsel&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">cc: Donald F. Delaney, Senior Accountant

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>d78442d7844200.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 d78442d7844200.gif
M1TE&.#EAVP!B`/<```````T-#1<7%R@I*3,T-#L\/$%"0TE,3E!560!QNPMU
MNS2!LUZ!F'N`@X*$A8J+BX^/CY:8F9B@I)NDJ*JVO:2ZQ[W%R\/)S<W3UM/9
MW=;=X-OBY.;IZ^OM[O'R\O+S\____Q+8P!+8K````````40`X!H`1"1$6"4>
MG!+;2!E*P`)P```$!``#K````````#X`/!+8O$0```$``SH`0U<`7$X`24\`
M1%,`5W,`7',`>64`=#,`;5P`,G,`36T`:68`=&0`+FP`;```````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````!+:Q!@Q0)-T\A+:J!E*P````!4``)0`&E\#?-T`
M&5\#>P```````1E&&````!A6&!+;B)$`70`!-0```!E*P`!`.!+:S)#I(!+;
M6)#I()$M@/___Y$M>)%B!@```<0(J)%AS@```````!E*P!8`/)?NR```````
M``@``)?LP)?NR!+@N!+@N,0(J!+;`!+@LAE*P``````!-1+;@)#V7)#V80`!
M-0```!E*P!+;7)%?L!+;Q)#I(``!-0``?A+;D("3GA+@>!+@?````!+;Q)#V
M7)#V80```!+@?!+@>!+;H!E*P!+@2)#I(```````?A+;U("3G@``?A+@?!+@
M6(#FXH#F.P!`!5Z"2````"'Y!```````+`````#;`&(`AP````T-#1<7%R@I
M*3,T-#L\/$%"0TE,3E!560!QNPMUNS2!LUZ!F'N`@X*$A8J+BX^/CY:8F9B@
MI)NDJ*JVO:2ZQ[W%R\/)S<W3UM/9W=;=X-OBY.;IZ^OM[O'R\O+S\____Q+8
MP!+8K````````40`X!H`1"1$6"4>G!+;2!E*P`)P```$!``#K````````#X`
M/!+8O$0```$``SH`0U<`7$X`24\`1%,`5W,`7',`>64`=#,`;5P`,G,`36T`
M:68`=&0`+FP`;```````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````````````!+:Q!@Q0)-T
M\A+:J!E*P````!4``)0`&E\#?-T`&5\#>P```````1E&&````!A6&!+;B)$`
M70`!-0```!E*P`!`.!+:S)#I(!+;6)#I()$M@/___Y$M>)%B!@```<0(J)%A
MS@```````!E*P!8`/)?NR`````````@``)?LP)?NR!+@N!+@N,0(J!+;`!+@
MLAE*P``````!-1+;@)#V7)#V80`!-0```!E*P!+;7)%?L!+;Q)#I(``!-0``
M?A+;D("3GA+@>!+@?````!+;Q)#V7)#V80```!+@?!+@>!+;H!E*P!+@2)#I
M(```````?A+;U("3G@``?A+@?!+@6(#FXH#F.P!`!5Z"2`````C^`$$('$BP
MH,&#"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$FRI,F3*%.J7+G0
M0X4%&UC*G$D3Y$L%"2K4W,FSIT,-"Q(D"+K`@\^C2'ENJ(`S9]`$&I)*G7J2
M`U.A0RTTU4FUJ]>-+I\*56"A`E8%,;^J70OQ)5:L.L7F9$NWKL$,"YJ^7=!!
M@]ZA1NT*5JOAZENX(,R^5<!UL..D2_\>UKE!KM#&CS/7#'OX,,S$G1,HB*JY
M]$K.H=_J]&`9L>G7)O&F]BS0;^JBL'.#+"SY=EK%J3'K'FXQ\NS.7%D?7T"\
M.474Q_<.M!!]M//K#:%'Q_I98&ODV,/^(W2[';S`#;T[=Q<O'FCZ[;@%`H\N
MG#UQX^4[6Q_X/71\^\/AEY]Y`F7P7F@6`*B;=@-*1]!\V]6GX&/D-:@?:0)U
MT%]J:$VHF7L6!E<0=19*Z.%:O(5X6V`#,1#B?R>N):"*AW5($'HJFAAC4@S2
MJ)I!$`[(W(Y=]>@C=RSR1^-^1"8EVY$<8CB0;33JV*1,*4(I(I!'KG<E31T8
MIJ5_20K$P8;Y6?EE26$>.":3#VH)XYHG&3GFCP9YX**64M)9TI-WSC9G;6X*
MZ:=)(`8Z&YQQOIG6H2#-J&AH)BIWIYJ04A0FFI,"AI`&B@Z:J445=AIE0D$>
MR=BH&5G`J:G^<R%D::"BLOK3J[#6"MJDC-K:4):P'M<K0;B&B*FO`]D9[&0*
M4<EK!\@V5,&TU%9K[;789JMMM1PTN^VWX'8;[;CDEFONN>B*1,$$[+)+09GG
M6M`NNQD0=P$`^.8+``7I"N3!`?H"\`!Q"`2,+P+]@O!OP`/KMH$`!@,@P*/G
M+JQOP[D]$#&^&%<,\,4+%K`Q``7T:W&^'9M&00`C!\`O1![`F]U'T$I$L4,=
MR*SPQR@7I#-=!8\,0`-Y4O!`!$A/`$('#QQ```$%('!!01@@C?0#"6*`0`%0
M'_!`O015;?4#4WLP00,%'/!R@4T7,$`!!3208$(8.+`U`6^G_0#^!@EET/8`
M4",00<W^\LSQTA$X'?C:=64`L;XBZTO`S1M$CF\!%%B>;P`($*ZQOH*S'+``
M$1#T>;X.='"`Z$-GV`#K^@9PP-0%98``[`%S3GB&#CQNL``/!'8ROA%80(#!
MNML50<`#6.`[ODK?>'R^`CP?\`&!G8ZO`+AO7KI`V@.`@.&M9Z!YQ`%\7^#T
M0@-P`.$;D!]QYSM?WWV^"-?%/KY$DY__0)5K7\"(!H+PM2\`<S.@P1P00`$&
M('JJ$V"^OA=!"1)0?NVCW5HHD+L$+2]V8#O/^?`5@!(BKUX*!(`)#78`\`FP
M`0U`W@KU)8!ZK>QZ%+#``P9P/:,H<(;^^DH0!E6X,0<`[7H"P0#N.M9`?1W`
M`AVPG<&(9L``-&`#':``#V,WM10*X&D$.(#U"G"!*,9P@`7LX71@)X`.=&"+
M^2+`!-P8`>LUP`-!BUT#*!"!$;9P+8X+V/>&1[(;G8\`+"(D`=*(QH%<P'H#
MJR("P-:!/&XOA""PI,0Z,`$$>-*3&@2!$FF8Q=R%<@*CDZ(@!]*!_0%@D6MQ
M0,`0.9#P!4"#321>02;`Q@Y\D'HWTR3"#&C$9)VOF&L,6"A9B0&CG6\`&S@C
M_@H231C"D(&:+$"2P@?+KW3@F`1Y9"-!D$L`8!($@=R<!7YY.8.$KX7A@^:-
M<,<X<IX/8Q?^>,#6!L"]B`T``^1#9D((2<"!L/.5&YQB!!YPM`=8CY;V#-C-
MWA@[/@;L?P-!I>0V$#Z,HC-W?"L(^0:FM?L9[)_GBYY"")FR@W:S2)J4X`-%
M*%%JPE&%Z[RH00X*S8[6SI0&&:DXT3<`V*$T8"H=Z$@+XE*UC%*".HVHOI8Y
M5!+F%'(&D>;EF(;$&UFOGN74I\$(T(#B.4]?1P79B"9`@;92(`-+)4A3OY)"
M`=90JCTS'4@/>E>"G`^>737F.`7"P=A%`'=7'$@&C*K*?/U1L00H80D%H#6&
M,7667_'`3:$Z0;SBBP#P.Y\`0'#0UAD4L8QTK$%D&;N0*BR;A:7^'B8UFJ\!
M<#)WC(OG!C394LQZA;9Q'-\!ADM<^;7PFRR<P`4R9[!A(D]N^<2=RU*+K\<Z
M$G<$B,!R8QH!#`#57Z+MP,-&1S8*.`"Q>+2L7'W;%?)-]R"M-%@&D!NQ?@(U
MA0&PWN5\&%B":)5ZW4-D!@Q6@`CP47[R5*!]:<BWN!J4O5/!@/6LN]H%TA>J
M^:LK^E[V3O@.<73\NG#L-C8Q@<1T8P-CZ64EYY7_"DPA%C@I!IXYLO>Y,':;
MW1S&.GR0^+5O`&N[X<:`"`#:5?*`#5/Q>EE,E<I)MH0#6&9!5/?D_#X@I>?-
M76)OG"\RCG``ZBM@E3U:D"O7MP'GG(#^*U6(``K<[LEA[B/ZVIRL-TLVS*2M
M<LFHXH$+6.#/?W9MWP#]YPM<X'S\TN'X$("U,F.6DPT8;EG/N0%"6^"<!MF`
M>85;5D$3)`,1:,"B&XU.2Y\SB_J4=/'N8NF)6L#/@0Z/B/>5+)UQDR`Q\TBN
ML_,SANPZ6N6L)T)NG;#!!+LAQ%;8<MV:PUY_90.8_M(&7"GL@R3;?`BP)MHP
MYYA0._M$3GYRM7>J9T<6P`(><*,'HDF`:*M%G]_VD`?X.*^;(20#\S*P(P_@
M:0\46+&>1B<&=J<P#-A[I?XR^%T"GH&!#QL!+&JX03J@\(1=@-]!+9W6/OFR
M"WA2U!B+P"?^&\"W"X39`WLS<">#I\]/@FWCXWO9QD7M`'CI4],4$+4G7X;R
M;'O2W=&Z^#D/;8'*D1P#.WS7`1IP@0QD+I(%F$`&+H"V+&+T7VX6P`&ZB[:W
M7L`!!YAOW"Y0-2#CD>E.+T#*"HB`W0Z`;'XC`-]BO@&/VQA=,S;KGR?@-1"(
M6JX(,!Z+)N``HA.$T3G']1-O5Z\+R/WP"\5HXBQ0@$?EO$SZ5!U&!9>Y$.(Q
MJ>7"`.#@!K>WQ>3<,8O9C"FP=-=Z0.0C.L#9%&^!;`O$`04M$%S?E?K*N1D!
MKB4XVW?+N(7"D&H!'Q=`T:UNVTUR`)_\9+NU)FE^'9\@JIM]LM3^AH!B,CI/
M!(B^)]N]V^'2V9UMEYM<'U#68H<3XY_>.N8(;>C`+-<!!7``[J<L^]QCO?LF
MMG:^9VD7$!C-A']W5&;I-S<"87QXIC#I<G&>%C]\MTQ'$V:UIT\%X69NQB+?
MY&;%Q'YE!G;+Y``+%4Z/9SH+*%<1L'\$X0!K-RX22$UJTS0OV&:3HUBSLW6L
M5&`SYEH/@$``B$[GIEB8DS@OJ#;M!D`I6$LK:%#:148#,6-^!GI!5P">EGV:
MQU9;,S5;8V!]9$29XP!\%#4"$6D&%FD$4'O(-`%J5X9$LX4YMX8@@']@>``U
MIX`9H'X&-3!]]`#.-#!V<RY9)'P4P#=!O@1##V!YUK0V?@-#215J#;"(14=V
MX=2(R2*)7S,0.0=#U98!Z%9&GQ927P=#<X,!#.A^JKB*K-B*KOB*L'@=`0$`
!.S\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
