food for thought, page-22

Darkcloud,

I've made a lot recently and i've even gotten some free-carried rides on rallies.
So in reality, I am not at all concerned about the money situation.
Im not interested in the habits of the shareprice or the said lack of momentum after the pseudo-rally.
In practicality, i wouldnt really care if the price was 15c.
To me...i am interested in where we can go after waiting and following the ever-changing direction of our play...im interested in and why its been touted to be possible to certain specific targets.
A lot has been touted and simultaneously no new or changed results have been shown to us other than a downgrade in 1/2/3P reserves and an upgrade in contingent reserves...

So whats with this rumour?

The company would want us to know if they had finally acheived 5, 10 or 15million cubic feet.
If they do tell us its been going on for some time, heads should roll in my mind, due to some insiders having had the info leaked to them.



In addition, see this quote for example:

"Operations focus will now revert back to bringing the wells back on to saleable production in a controlled manner although it is prudent to caution that at current gas price levels, production may also be deliberately held back from some wells which have higher operating costs until prices improve..." And "...It is not planned to undertake any drilling activity during the current quarter"

This statement is a very watertight and responsibility free way of saying "we might or might not do something with the wells from a production management point of view...however what that may be essentially, how we manage the well and why we might do certain things instead of others is yet to be ascertained"
- and ultimately, it appears that this shold also have been included in the clausal speak..." but such details will certainly not be reported to shareholders on a continual disclosure basis".

Hindsight is wonderful. Many of us relied on these results and they have not been reported and so i assume there have been no fundamental price sensitive changes??
So if anything new regarding flows has been ascertained by now, it SHOULD have been annouced to the market as a fact and in the best interests of shareholders for it is a price sensitive issue.
To not updtae us, in the face of rumour, is to do the share and shareholders a disjustice, when now just might be the time they want to invest (if its all positive) or pull out (if its all negative).

Direction is the key, which comes from announcments, which masterfully overrule rumour and dispell myth. Simple situation you'd think. If i see that we have been ramping production for sometime and that such info has been leaked (via other websites) i will feel disadvantaged in a big way.

So if you see, an annoucment is essential and will tell more than 1 story. It is something every shareholder needs to see - its not ust a cross-section of whingers IMO.
I was told to ignore HC for it was rife with rumours and lies - by a Director - and yet if i did folow the advice i would be a mushroom. Im too proactive to ignore such market commentary, wherever it comes from, so i get the full picture, not the trick picture.

Cheers,

L