quarterly out, page-9

I think its a pretty good report. One might say its thin but one must remember that a considerable amount of catchup expenses were paid out this quarter as against the March quarter. ie production 52%, drilling etc. There will also be a further expense next quarter drilling Sorochynska and Chernetska.

For the first year of operation I think its a cracker and we are in good stead for 2012.

I have no doubt there will be a drilling report tomorrow.