no more good news please!, page-16

Hi guys - know we are all a bit frustrated over the share price so thought I would remind us why we are in this.


* Proven successful Eagle Ford Shale position >32,500 acres
* Low risk 35 wells over three years drilling inventory
* High propective Acerage
* New acerage being pursued
* Inclusion in the Standard and Poor's All Ords
* Working towards S&P/ASX 300 Index on 19th Sept 2010
* 276.4 million shares of which the top 20 own 51%
* Nabors have been secured for 12 months
* Haliburtons have been secured for fraccing
* Nabors F07 rig for FD5H - increased horsepower ability to drill longer lateral lengths
* FD4H better shows than previous wells
* Ongoing proved reserves growth through development drilling
* Re-read Patersons research note from 30th March. company has not changed other than we now have another well on line. Buy at 83cents - target price $1.27. Only excellent announcements since this report - nothing negative has happened to the company


I know the knockers will come out and find something to criticise but I would rather be in this one than caught out of it.

Best of luck to all holders, believe it or not it should be a great Christmas.