I think it would be nice, if they announced figures that actually matched the government records. It does not reflect well on the directors. They have been operating for almost 12 months with only three directors, and the Auditors are about to be changed just before the half yearly comes out.
The auditors could have been changed at the AGM... But no.. Lets change them just before the half yearly comes out, and watch them struggle to get a handle on the tangle of court cases, claims, and outstanding debts before the due date.
This company needs 15-20 mmcf/day just to break even, and I cannot see that happenning without drilling more holes. Reworking the old holes will never get them to that target.
MAE Price at posting:
3.1¢ Sentiment: Sell Disclosure: Not Held
