ann out - earl #1-13h, page-8

Great news in that we have near certainty of yet another good well adding to a portfolio of good wells.

Truely, I don't believe that TB is all that concerned about daily trading activity. The sub-sector rather than the company is grossly undervalued and long money will only follow the quarterlies, half yearlies and annuals .... preferably on broker and analyst advice.

I note that many holders will continue to "rebalance" their portfolios after huge gains made on SSN pass their CGT dates. Good ... fine .... dandy .... the BP experience suggests that nobody should have all their portfolio in just one oiler forever. So I'll sit back, relax and let the market do its' work.

North Stockyard appears to be achieving a near perfect hit rate and the word "customary" says that plainly and clearly. Compare the NS field to the 30% chance of commercial success oilers have on many prospects . . . even with the benefit of seismic data.


cheers