Resource Spec says sell, page-6

Tend to agree New. Not that I'm biased

But the potential expansion factors that can happen here when one looks at the speed and what has happened in the lower 48 are frightening to me.

This now has juggernaut potential when one looks at what some of the lower 48 unconventional companies were worth.

This company today just went from a MC of 48M to 138M and this does not happen if the market thinks it has a tin pot high grade mine in the African boon docks. This has the potential to BE ONE OF THE BIGGEST UNCONVENTIONAL PLAYS IN AMERICA and this little Aussie battler and Basinski's Burgundy r sitting RIGHT ON THE CORRECT VAPOUR PHASE and gas ratio for excellent extraction.

As long as the rock mechanics support fracking we r sitting on the source rocks of the Prudhoe bay reserves which is THE BIGGEST conventional US oil field play. As is now well known from the Unconventional lower 48 plays a VERY LARGE % of the source oil that migrates to these conventional traps REMAINS WITHIN THE SOURCE ROCKS.

Now given what has happened in the last decade in the lower 48 do we think 88e is going to remain a 138M MC company?

I for one very much doubt it after todays annmnt.

Roll on the seismic and what I now believe could be MULTPILE farm-ins if the seismic confirms the wide spread continuity over 88e's acreage.

d.