Nucular - point taken - and understand the time it takes for...

Nucular - point taken - and understand the time it takes for quality to be identified as per your case in point - lol.

Believe it or not I have taken a longer term view with this one but we are not talking about 6 months delay in drilling. If you find what this company has put out over the last 6 - 9 months as being acceptable - well that is up to you entirely. IMO it has been utterly disgraceful to the extreme - pathetic even.

OK - so now the infrastructure is in place - or nearly - that is 6 months late. The array of excuses have now evaporated. It is a shame the coy could not clearly articulate what it was doing - the way it went about it appears tricky I'm afraid. Management quality is the foundation stone of any good company - quality assets are the corner stones. IMO we only get one tick in this regard.

This project only works at scale - we only need to go back to our debates with Shrewd. One well here and there and piddley reworks just won't cut it. The few oil/gas at Tulsa producers were purely cream but now some are hanging their hat on them as be all and end all stuff - IMO they are basically irrelevant.

Currently we are at approx 29 EOK producers as per coys advice. This coy has not shown - even when it had 2 rigs and was apparently continuously drilling - that it can do anymore than 1 well every 60 days on average - if that.

Its the spin and BS that is really annoying me. If no wells were to be drilled and old wells reworked exclusively then they should have just said so. Simple! These reworked wells are only producing at less than 10% (on average) of their maximum flows so how sound is the reworking strategy and how efficient will it be.

Wobbly - I will bet that the Stines well mentioned today was meant to be 1-16 not 1-17 as per todays ann. RFE only have a permit to drill 1 well on the Stines property - This Permit so IMO these announcements today were a rehash of the ann 13/4/10. What happenned to the 20 lot block announcements anyway.

IMO this is just being sold down Wobbly - not a accumulation strategy.

The office girl must be flat out - after all RFE JAL and SEY all list their Registered and Administrative office as -

Level 2
79 Hay Street
Subiaco WA 6008

08 92004463 JAL FAX
08 92004470 RFE Phone
08 92004471 RFE FAX
08 92004472 SEY Phone
08 92004473 JAL Phone
08 92004475 SEY FAX
08 92004476 SEY FAX old

Brrring Brrring

Hello - this is Redfork oops Jamesons oops Sunset -

Mr Prentice - no problem I put you through.

In light of the same ole same ole from the other coys recently - I don't like it one bit.

If it looks sus, sounds sus ...... might be sus.