Ann: Trading Halt, page-530

My poor sentiment towards Scott and team comes from the below:
-The timing of CRs and continuing to include PAC when they are clearly shafting us
-The oversights on MK1 such as not having inventory on hand or in working order that were supposed to be there. As far as I am concerned as the man in charge you should guarantee you have on hand what you say you have.
-The understated and unclear announcements. First MK2 sample-condensate or not? The disappearance of the MK1 logs and alluding to the having other funding options available, which he clearly doesn’t have given todays announcement.

I don’t think it’s a case of people don’t have the minerals to hang around anymore. More a case of “I am getting bent over here, I am out”. Again no clear path to any significant share price rise. If a discovery didn’t move the needle 3D definitely won’t and I don’t imagine flow testing will either, not with the constant dillution and doom loop playing out.

I suppose our definition of significant gas and liquid discovery varies. 34m of net pay doesn’t indicate to me (or the market seemingly) a significant discovery. The absolute cageyness surrounding liquid samples is another reason I am skeptical of Scott’s approach.

Cheers,

Thai