it was time to speak to an expert, page-35

No probs.

Its hard to start kicking the market cap if the company delivers on its epectations.

The valuation the company provided up front was 20-40 cents based on the two scenerios.

PE is only one factor of course. You can have a well not in production but the resource is proven and of course the market will atribute the appropiate valuation to it.

We are first looking to see what the stabilised flow is, whether they think that can be enhance with stimulation which everyone tends to do these days it seems and then after a period of production testing what the resource calculation is.

Of course its a leap of faith to assume the higher sands will also deliver but thats the assumption they usually make in this business.

Like I said, the only thing that counts is whats coming up the spout. We can all discuss TA and fundamentals all we like but it means zilch at this stage because we have only just turned the first tap on.

The only thing I can take to the bank now is what my expert friend told me and that so far its a good result.

Maybe tomorrow we will be have a further announcement where we can calibrate good up to outstanding, leave it at good or wind it back to average.

But as of today its GOOD.