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Attended ETE / AGM today
A complete presentation over 1 hour based on some history and an analogy for the future of this company
In brief the prospect of 5-6 wells to be drilled over the next 6 months
GOM -138, HI 24 second well between Dec and April
Qld assets 3-4 more wells
Very confident on success and considerable income stream will be realised on successful drilling, all seem to be extremely low risk with significant upside
Mr John McKnight was present from Entek USA and gave some commentary on the extent and benefits and rewards of our partnership with Walters, in his opinion one of the top 10 private companies operating in the GOM
Regarding the significance of the discovery in HI 24 he commented that this find could be the largest find in Texas State Waters for some 50 years

This stock i would suggest has significant upside based on what i viewed today
Management are conscious of the monetary position and are constantly assessing there decision making as they move forward

This stock is extremely good value at its current share price