quarterly out, page-11

so the quarterly's out - a bit ho-hum really - I never expect quarterlies to reveal anything that's not already known - given they are a month behind anyway and are really only a pro-forma ASX requirement......

having said that, neither do I think anything much has happened by way of any surprises in the last month either, otherwise they'd refer to it in the quarterly - so it's the same old, same old for now....

HOG seem to be drilling @ approx 1000m per month so Chernetska should be completed sometime early September - always slows up the deeper the drill goes, so I'm working out my strategy for that event - my thinking is that since IMO Chernetska has a less than 10% chance of real success (hydrocarbons will no doubt be intersected but there's a big difference between that and commercial success), I'll be selling off half my holdings prior to that event - the worst case for a punter is holding onto all stock and watching it fail.....

so I look forward to some interesting posts as that time approaches - and don't forget, even though Chernetska from HOG's perspective is simply an appraisal well, the market will still punish the stock for failure......