flow rates and momentum, page-11

I think we all need to be realistic here. Current market cap sits close to 40m therefore a share price of 20c would account for a market cap of nearly 80m.

With only a 60% interest we will need more than 1 or 2 more positive wells to create a market cap of circa 80m.

Personally I got out of my TEXOB'S and rolled funds back into the heads purely as safety measure.

I feel there will still need to be several equity raisings in the near-term to provide adequate funding to succesfully unlock true asset value.