Ann: Rig Demobilisation , page-87

Good Oil

I am not defending management. They without doubt are not business minded managers. However, they are a team who know whats in the ground and the techniques to retreive resources. When it comes to feasibility decisions and the approriate allocations of resources i agree that lack and are extremly poor.

In saying this, I believe the decision to do a 3d seismic is good decision in that, there is no more gambling with drilling holes. We have one hole and now we will try to prove a province of oil with 3d seismic. This decision de-risked this stock for me. But there is still alot of risk.

Good Oil you think the companyt has gone to hell but your very narrow minded. I couldnt care if they gave all there money to charity as long as the potential reqard is outweighing the risk. At the moment at this share price the rewards outweight the risks.

Sentiment: STRONG BUY