anyone get the feeling...., page-18

re: **good report/strong opening** Hi aid,

Just see what happens when everyone wants a bit of ARQ - maybe after a new successful oil hit in the first half of this year. See what happens when blue sky is added to the ARQ share price. At present there is none.

With so much drilling activity to come on highly prospective ground, I can't work out why people are selling ARQ. It is still on a low 2004 - 2005 PE.

Then throw in the chances for much higher oil. Even $35 to $40 oil has not been adequately factored into the ARQ share price.

Cheers,
SP.

PS
For those who don't know ARQ made over $20 million after tax profit in the year to June 30, 2004.