join the dots... very unloved, page-17

Planning for the CRD-2X appraisal well was a focus for the December quarter. This well, targeting evaluation of
the oil and gas discovery made by CRD-1X in June 2009, is expected to spud in late January. The CRD-1X
well encountered approximately 90m net pay comprising both oil and gas within multiple stacked reservoir
layers. Two of these reservoir zones were tested and flowed oil at a combined rate of 3,265.4 barrels of oil per
day plus 8.1 million standard cubic feet of gas per day, through a 48/64?h choke. No water was produced from
either zone.

I think PPP is worth a bit more than cash backing/share