Ann: Echidna-1 Progress Report No 3, page-45

Stevo I think is the only one who is true to themselves here.
Make no mistake there is a long way to go and much to be proven.
I believe there are not too many mums and dads in KAR.
Whatever news pops up is treated like a non event.

That scenario is why I got out.
4 oil finds in the same areas but reaction negative or restrained.
Its like no one believes the story anymore.
Any other time in history this would take off, but no, everything is greeted with, too hard.

Im not having a go at it but each to there own I suppose.
Some are probably right when they say its controlled which in turn takes the idea out of good news means price rise.
KAR has definitely changed since the good old days and I think no one believes the story anymore as I said.The main drawback here in Brazil is that KAR have way too much equity in the project.
65% is way too much cost in exploration and development.
They are repeating the Browse mistake where 40% was too much.

How they can remedy that in this climate especially with a partner who is totally under the pump is the $64 question.