sushi1,Ihave been in this company since may 2003.Total losses realised to date are $131000.this includes options that expired worthless.the average joe would say that i am a mug punter and i guess that they would be right.Sometimes in life the greatest learning can come when your hip pocket gets hit real hard.Ellis has been a very poor performer i agree but you may be surprised what another entity will pay for their acrage.500m market cap by end cy 07.how is this possible?So i spent hundreds and hundreds of hours researching all directors,their past history,the areas they intended to drill in texas.field sizes gas flows depths sand types.I looked at us companies operating in these areas,studied their results succeses and failures.I watched richard elliott, howard mclaughlin and james cruikshank pour their own dollars into this stock not free options not free shares,their own money.then i went and researched some more.I concluded that this was actually possible to grow to 500m market cap.so i sold two houses in wa during 2006 and bought 1101000 shares amongst other things.either this management team are indeed fools or they may well also learn from past mistakes.I spoke with howard for over 1/2 hr at the 2006 agm and i am personally comfortable that they will have multiple successes during 2006.Even if they are half right 2007 will indeed be my year of the golden pig.
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