expect a big half with gas at 13 plus, page-41

Very few shareholders are selling. Volume is almost nil - some small punter needs/wants to sell and they have to take the bid. Small cap sector is dead, oil going down, why would you buy unless you know the company and are patient. There are many bargains in the market at moment, and I expect few consider a small cap oil co the best place to take a punt at the moment. I think the reserves statement and results will highlight the value of this company for those that look properly, but time will tell. The mark to market of the hedge position will be ugly, but as I said before, nil hedging in 18 months and the market normally looks forward 6-12 months.

Just my opinion
Monty