Ann: Philippines Drilling - Jacob-1 Update , page-7

Any Due Diligence should reveal that the guys behind this company are the as those that floated ESG a very succesfull gas play. Word is that the Seismic undertaken before drilling showed good results and as stated in previous announcement the area of interest is between 400m and 1000m, given that they have just passed the 400m mark it would seem there are some nervous punters buying with other peoples money, on the hope of a positive announcement, but need to sell as they cant front up to pay.