no problems so far, page-3

Hi Th,,,,,
We should receive a " Quarterly Activities and Cashflow Report " as at, and on 30th July 2008..

Given the more accurate information released by the company, that the desired target zone in Stewart-1 is not just a few hundred feet, but closer to one thousand feet,the prefered option would be a new vertical well IMO.!

Although not technically difficult, the cost to go that distance would be right up there..!!

The horizontal drilling does'nt go at 90 degrees, but in a large steady arch, and would have to begin a fair way up the well, which could possibly triple the actual drilling distance to 3000ft, and at a cost of possibly "double pluss" that of vertical drilling..!!

The best possible outcome for shareholders would be a sufficient flow rate, from the Jackson interval, to recoup the well cost, and then go again with a vertical,, direct to the target zone..!!

The pipeline is only a stones-throw from the well, so that connection cost won't be an issue..!!

Will we get that outcome,,?? Wish i knew..!!

I do know that it takes no time at all,, to test nothing at all..!!

Cheers !