$1.50 around the corner, page-18

First I'd like to thank a couple of you guys for annoying me so much 3 weeks ago that I decided to stop posting on this forum and as I couldn't beat you I decided to join you.


Finally sold out today as the ramping is just getting out out control plus you have all missed one very important point.

Oil production 30th June 2013 was TRIPLE the original production from when purchased and was 6307.

Oil production March 2013 quarter was 5111

In the latest announcement PB mentioned the high decline rate and he also said "we have DOUBLED our production since the aquisition"
Now at first I took this to be just on cedar point but reading it again I think its on everything.
If that is true then June 2013 production will only be approx 4200.

If this in the case when the quarterly report comes out its not going to be received well.


As far as some of the other posts go.

BHP joint venture, PB said he had 4 OVERSEA's companies interested. This rumor was started by one person and has no basis.

Adani royalty

szaba
"Adani Royalty, lets say avg 40M tons per annum for 20 years = $1.6B (indexed!) so lets round that down to $2 per share"

We have already been through this many times and agreed that its worth between $300M-$500M.
You are totally ignoring risk, tax and time.



"New Emerald Teresa nominally worth $500m so lets half it for 50c per share".

Coal in Queensland in worth almost nothing at the moment so to even say its worth $250M is way over the top.


Anyway it was great watching you guys work, I'll post again after the quarterly report comes out.


I do agree however that a decent shale deal could change things. I can always get back in if that happens.