no buyers...., page-8

well where do I start

"for some time there have been no buyers - it's killing the sp..... forget the rest, the question is why are there no buyers?...."

- It was obvious those in the know of the placement at 37c were selling above 40c and drove the price down

- There still is a retail palcement at 37c to go. I mentioned the other day someone doesn't want the sp going past 36c. It has spooked buyers. Someone could be picking up the shortfall at 37c

- world markets have tumbled and volumes have fallen off across the board

- a few months before we hit main zone at Chernetska

- Sorochynska wont be spudded for months yet

- own gas plant won't be built before 10 months time and gas sales restricted at current rate

combine the above and you have your answer

I'm expecting a very different sp in 12 months time.