doing nothing, page-4

Recent info from John Begg to me stated that their preference is to get JV partners but they will also consider selling certain portions of the large acreage they currently own to secure cash. Not sure which assets as yet as it depends on what they are offered for them. So they are still weighing up their option. In my humble opinion I don't think they will sell Paris Valley as it has enormous long term potential for the company.

They are also continuing to look for new ventures, prioritising those that have a good upside potential but low drilling costs and low risk profile.

I have a reasonable investment in this company and believe they will come good in the end.