ann:drilling to commence shortly, page-11

Nearly a 50% decline in this stock since mid-february.

That's WITH consistent reports and announcements released in relation to the companies overall progress in this first half: (field work, drilling, cashflows - you name it)

Heck, most of the announcements have been nothing but positive - yet the stock price has been on nothing but a steady decline.

You guys seem to be chasing your tails at this point in time.

You can dispute my statement as much as you'd like - but the bottom line is: this stock has fallen nearly 50% since feburary! That's the cold hard truth.

Lots of work to be done for you guys to profit nicely from this one. A lot more waiting to be done. There WILL be further delays come the wet-season.



Best advice at this point in time? HOLD. You may see better movement in the SP and push CLOSER or OVER the 0.04c threshhold in the fourth quater IMO.