Ann: Sorochynska-202 Completion Update , page-3

I don't really see this as a huge negative either Arbroath, we've known all along that HOG is painfully slow at getting things done simply due to the country their operating in, that doesn't necessarily mean their a bad company just that it takes some more time to realise value.

I won't be committing any further funds to HOG but still think there is certainly light at the end of the tunnel and that at some stage value will be realised. It's just unfortunately it could take quite some time before its at a level where the majority are happy with its progress.

If we can have both well's producing through our own gas plant in 6 months time then I see that as a positive and it will hopefully help fund further development. With cashflow from two wells we might be able to drill two at a time rather then one? who knows..