how sad, you can't now sell even @ 0.3c now. , page-5

Kat, "Don't be surprised if #5 turns into another test well."

You just might be right but in the investor presentation (announcement 29 Oct 2012) it showed the "horizontal well impact on production". In a graph it is projected production at Feb 2013 of 18,000 boe per month with the annotation "Exponential Production and Revenue Growth". An earlier investor presentation with a much the same graph (announcement 13 Aug 2012) showed projected production at Dec 12 of nearly 20,000 boepm.

So if #5 goes on testing like #1 and #2 (forgotten how long that was for) how can the company produce anything like the projected production figures? Or do you think these graphs are for baiting investors in the lead up to capital raisings?

No I won't be surprised if #5 turns into yet another test well. The way I see it, what's been going on with this company over the past year or two has conditioned shareholders like myself for extreme disappointment.