announcement, page-2

always interested Tigere but just seems to be taking a while compared to others who are drilling at the mo.

I'm still liking them due to the fact that they have a small number of shares on offer, low market cap and some bright people running it.

Everybody can slag them all they like but good strong companies aren't built overnight. The logic still holds

A/ get the ground
B/ Prove that its good via 2D and 3D
C/ Find somebody else to buy in at good rates to be free carried
D/ Start drilling and get the cash in the door

All while not diluting your original shareholders. At the moment I would say that COI are doing okay on A and B, and now just need to get moving on C, rather than always getting STX to be company involved in C.

Still happy to hold another 12 months, but in the short-term are keen to see whether they find oil / gas at the well just a couple of k's down the road.