overview of sugarkane, page-59

*sigh

for what it's worth...

Even the best exploration program in an area which isn't a proven production field (i.e prospective) will typically go as follows:

1. 7/10 dusters
2. 2/10 producing but not great
3. 1/10 producing at expected or better flow rate

even drilling in historically proven production areas doesn't guarantee success...you just have to follow BPT's drill reports for Santos every week..."hit dust, moved rig" :)

Also, I enjoy AgentM and Mick Z's opinions equally, and I still see value in ADI, it's just dragging.

CP aren't stupid btw...viz their recent acquisition in Australia...

I can also tell you with confidence that ORG are about to use their new funds to significantly expand CSG for LNG feed to Gladstone...I could even tell you what field and when...but then I'd have to kill ummm someone?

Hold and Hold :)