Ann: Zapato-1ST Drilling Update, page-351

Hi Feral I dont think its any thing apart from investors realising that its current assets are undervalued based on whats found at Alameda. Share factored for no success at Zapato. But you are right dont get too excited yet about surprises because it might shock. The last time it rose from this base to 20c . Then a CR killed the excitement. Until i see oil im not going to be too convinced. But a 9 sounds much better and feels better than a 5

As for tempering my excitement I can say that red soaked night pads have absorbed all that over these 130days or red.