what are we missing ..., page-2

Thats right a terrible sp price performance on that basis. the key is when do you start the comparison. Eric S has created for the early investors very good returns.

Now or more recently? Well thats the big question.

You have to say NO!!.

So what the plan forward.

As I have already stated I believe Yemen and ADI have been an expensive exercise in terms of both money and management time.

ARQ been successful in the Perth Basin, in fact far better than any of the rest of the Perth Basin players, unfortunately the Perth Basin is drilled out (ie all the simple shallow easily identified prospects have been drilled).

So Eric next big and only play to rapidly grow the company is the the Canning Basin which I believe prior to New Standard Exploration (NSE) deal was not oily enough, the Northern Canning is mainly a gas/condensate heavily faulted play.

So ARQ has the funds which are being generated from the PB plus the ALCOA deal to fund its CB program. Great.

The possibility onshore Southern CB are enormous (NSE area), it the only onshore oil proven basin in the Western World where the larger I mean truly large scale prospect haven't been drilled. Within the NSE area there are more than 25 structures each with the potential of over 100 million barrels recoverable.

Thats the play, ARQ only need one of these to come in and then Eric has more than justified his CB play.

Good luck to him in the Southern Canning.

So in conclusion. ARQ recent performance terrible.

Upside from here huge if CB play comes in.

So if you want less risk buy SAE, INP, ITC, ROC or CVN (talking my own book lol), if you want exposure to the largest public drilling campaign in the CB then you have to own some ARQ!!!

Your choice and my own book also includes some ARQ as well. The only one underwater!!