2 alternative views on directors

back from a short GDN meeting with friends.

just 3 out of 5 turned up and we had split view on the announcement released today.

1. +ve view
- directors are caring shareholders
- if there's a short term bad news, they tend to hide it until a more material evidence shows up.
- gas flare is very good news
- a flow test result of barker will be released on wed morning. (guess the perforation started on sat and ran the flow test for 24 hours+ until this morning. waiting for the detector array and CO2 for one day. another 24 hours + flow test to confirm the result)

2. -ve view
- directors are bs and trying to delay the whole process as much as possible to get the oppies exercised.
- pinkerton and alkali gulch depleted. sure possibly good at #2 well with a horizontal drilling. but it's a gamble.
- gas flare is nothing material. nothing proven
- directors will come out with other excuses on wednesday. if barker doesn't show a great result, then prob. put a suspension on and try upper gas shows.

anyway, we've decided to wait until further result is released. there's nothing we can do at the moment since it's in TH. and also we agreed that we shouldn't send our cheq for the option conversion just yet. not until flow test result is released. if the flow test result on barker not released until the 8th of june, we might just keep the ord but sell out oppies. if the result released and doesn't show any chance to be commercial, we will sell @ any price and get out.