kimu sale, page-17

Agreed Westhx, very frustrating!
Regarding the quantum leap in profit, if you look at page 5 of the 19th April presentation, they are forecasting $6m net profit in 2010 (up from $2.6 the previous year)The 2010 BOE forecast is 510K.
If you go to page 18 the 2011 BOE forecast is around 750K (a 50% increase) and from 2012 the BOE leaps to 1500K (a 100% increase on 2011)
This is a rough indicator of profit increase, but the full benefits of 1) Fraccing 2) SSUGS 3)up to 25 development wells to be drilled, are probably not included in the forecast.
I think that the quantum leap is there, just when the market recognises it is another matter!