gone backwards 12 months, page-21

For what it`s worth ...And probably comes as no surprise I,m with Bowerboy (although i believe 17m was spent) and Meerkat on this...
ME has gamble on our future without even a drill bit hitting the ground ... A spec stock for sure but a spec stock with a very valuable asset ....but that will be drastically down graded at shell's whim ....sure they have had great success with this tech but we will never know the genuine plays that they have passed up on cause this tech. has said what ... only 80%,70% 60% or even 50% chance...or maybe we will when they really start to get desperate for reserveses .But by then it will be to late for FAR... at the very least we should of had a far better walkaway clause.... as has been said 5m is peanuts to these guys especially when you look at the rewards to be gained .
But act upon it as you wish but as i see it now ,more than ever we are a very spec buy with no action or reward promised .Why couldn`t he get the extra 3.5m they`re after from their partner instead of doing another placement .(As a walkaway)
IMO ME has done us no favours .(he really must hate us)
And as far as deals are hard to come by ... well we had three on the hook!

t23