Bukka I have never disputed the potential of QPN's ground for conventional oil and gas.Since the release of the previous quarterly though I have pondered on a lot of questions myself.The three purportedly "price sensitive" announcements made since the end of April however have been a bit "light on" and you know what I mean by that statement.Management have told the market in the last announcement that they have confirmed the location of the first hole.Now given that they know where they want to drill and the availability of rigs in Indonesia(it is after all an area where a lot of drilling is going on)I and many others are left to wonder what is causing the delays in their drill program.I can only conclude that as I suspected when I exited QPN that money is the issue.That is why I frequently raise the issue because it is THE elephant in the room which needs to be addressed for QPN to realize the potential of it's ground.
If we can acknowledge that then we have to wonder why management haven't made an announcement to address concerns which are holding back the company's SP and progress.It is understandable that given the current fragility in global markets that sourcing funds may not be easy and at the same time many potential investors will be reticent to invest in juniors who are unable to show that they have sufficient funds to endure a lengthy period where it may become increasingly difficult to raise funds.
In closing Bukka I would like to thank you for your civility in your responses to questions I've pondered and issues I've raised.It is the mark of a gentleman to do so rather than to do as some others have and seek to ridicule and denigrate my postings.I will be rapt for all of you if and when QPN make a significant discovery regardless of whether I hold or not, there will be no "sour grapes" from me but in order to make a discovery they need to drill and to drill they need adequate funds which is the sole issue I have raised in what you describe as my "negative opinion".
I might add that I have never posted a "sell"sentiment for QPN or urged people to sell nor have I set out to cause alarm,rather I have simply raised an issue which needs to be addressed and on occasions sought to correct inaccurate and wrong information posted by others.Regards
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