Ann: Half Year Accounts , page-20

if some one can find any information in the latest financial report that says "this company is worth $64MM" i'll eat my hat".

read through the report and nothing comes close to that figure. sadly it's still making a loss per share, pity they don't have a decent revenue coming in.

so in my opinion perhaps a few people here have their head screwed on the right way.

relative to where this company are people are paying a premium.

another thing to taake into account is "successs rate". this company are quoting BIG FIGURES in regards to potential resource.

drilling ratio you might get 2 out of 5, so for every 5 wells drilled you could expect 2 successful wells. this really cuts back your potential resource.

if you think i'm wrong ask the M.D re: wildcats.

too many here are sprinting, rather than taking a nice
leisurely walk..

....