ann out, page-27

Nihilsm
As usual dont let the facts get in the way .

Gulf have commmitted to 12 wells. Maybe they have raised more funds but I doubt it. If they had I am sure MAD would have announced it. They have paid way too much and their investors will eventually realise this.

We dont know how many small wells have be drilled for the qtr but around 20 is my expectation.

It seems the MAD crowd are once more way too excited.