buying returns, page-13

Hi Atsonis,

what exactly does Prentice mean by in his announcements when he says "continuous drilling".

In their announcement 16/07/09 Pretice stated "Continuous drilling and completion activity for the balance of calendar 2009". This statement has been repeated basically in most announcements since that date. To me it means that they will - well drill continuously - sheesh.

As far as I can see the last EOK wells (step outs)were spudded on the 16/07/09 and completed on the 30/07/09. Since then there have been 2 wells only drilled at West Tulsa. That would be 4 wells in 4 months. The EOK wells are so shallow I could dig one per month with a shovel - I mean come on!

On the 26/10/09 Prentice announced that RFE would deploy 2 drill rigs to EOK + the joint venture site within 7 - 10 days. Here we are nearly 4 weeks later not having spudded a hole in the ground.

As far as I can see if Prentice is to achieve what he has announced he will need to drill 3 holes a week at EOK until the end of December and given they have only managed to plug in 2 since the 16/07/09 - I very much doubt that it will be achieved. A poster recently posted that this type of play only works with scale (heaps of wells) and he is right - no doubt. This coy has got the cash - low CAPEX wells and a low cost of production. It just needs the wells (and not by buying new ones alone). Get drilling.

Despite all the aquisitions capital raisings etc etc I have an expectation that they get operationally active and start putting significant production to market or at the very least advise the market of their true intentions.

I does not cut it for me that Prentice is "too busy" to respond to query's or the like. Perhaps he ought to give away his MD position at Sunset and his directorship at Jameson so he can focus on the Fork exclusively - he does after all draw $218K + options ($134K)from the coy. He snags another $131K out of Sunset and $30K out of Jameson.

Why are we not continuously drilling?

Why hasn't the company issued a revised Top 20 list after issuing 20% more script recently?

What is going on? I am getting very sick of no operational activities being apparent - particularly when we have been told they would be.

Despite all the bubble and froth announcements this financial - I'm pretty disappointed to be honest.