where's angry, page-13

As expected a disappointing quarterly.

My comments for the debate/discussion:

* Still believe WHN have great assets, if and when they get their act together.

* Re: getting their act together. My feeling is mgt is taking a more considered approach to organizing drilling, completion and structure to develop the resources. This means putting together a plan, fair and meaningful contracts with providers and support orgs,, etc. (initial approach 2008/9 seemed to be to get very excited, pull out the yellow pages, ring up a drilling and completion crew and get them on site)

* For a company that was producing 44 bopd at the AGM last year I find it very strange that "1.1 Receipts from product sales and related debtors" is $0. (haven't gone back to the old ann. to check maybe they have a earn in/out with some parties)

* With 132k in the bank at 31 Dec 09 and quite a bit of money required to bring existing assets on line I think it is a brave statement from Barter "WHN is well positioned to identify and pursue further project acquistion opportunities.......", I'm happy they are looking, but do they have the means currently? (or are they betting on seeing their wind money)

* Quarterly is just a rehash of all the recent ann. I have lots of questions about now or even the last quarter, for example "15 bopd after 64 hours operations" that was way back in October, what are the wells doing now???? Obviously didn't send the oil to market! Did they stop pumping after 64 hours?