drinks this wed erh shareholders, page-6

Think the market was looking more for a increase in production rates more than an increase in asset size. The announcement did elude to the chance that production rates will be increased and when this will happen i guess we need to work out how long it takes to clear cement form a well.

Also what needs to be realized is the all current projects need to be finalized by mid January or the company will forfeit the blocks that haven't completed minimum work obligations which is one well drilled. So we should see a solid amount of announcements now as they push through projects. The company has already paid for for all drilling that remains for this year and the drill rigs according to yesterdays announcement should be on site very soon.

430 still remains a bit of a mystery but i am more than confident that from mid December onwards info should start to flow through to us. Worth keeping in mind that 330 started at 1.3 million barrels then went to 3million then to 7.9 million and now 16 million recoverable barrels with
a high side of 189 million barrels OIP (3P Basis). So 430 as work continues will hopefully get as exciting.

So in short yesterdays announcement should been seen as only the start of info flowing through to the market between now and Christmas, lots of good thins to come. As hard as it is to do try and focus on what the company is doing not what the share price is doing because if the company keeps getting it so right the share price will follow.

cdchi1 would love to get on the beers with you mate but stuck in Sydney but come mid Jan i more than confident that that we will be the drunkest men in Oz LOL


Cheers