Ann: Murninnie-1 Exploration Well Update , page-7

Trader
I am sure you would do a far better job. You would make 5 deals the first day you walked in and lose the 100 million instantly. If you know a sure fire way of finding oil, make your own company and do a IPO.

You have said nothing useful since you joined hotcopper so maybe you should go as well LOL!!!

Hey Auto,

They are having another meeting with beach in the next month or so and another round of drilling probably in around 6 months time but not sure about this time frame.

Share registry is getting tighter in the top 40, more institutions holding re ASX 300. Good news, no traders (pardon the pun) in this stock.

As for more acquisitions, anything prospective is difficult to farm in to on good terms cause the operators know its good as well so they don't want to let go of it given how hard it is to acquire good permits. The advertised farm ins are very high risk and or deep drills which are too expensive. But its easy according to trader etc. They have tried to farm in pel 91 104 and 111 above pel 92. Other cooper basin permits higher risk.

The terms we got for tunisia are good as rigs have come down 66% about 400 per day to 130 per day. The area is very prospective and an acceptable level of risk.