akk things to note

1st Horizontal in Nioabarra drilled and now awaiting flowback, sounds like guys at the AGM expect good flowrates when frac fluids removed.

This will prove up this land and with a comercial oil discovery would be worth 10 times what they paid for it.

Take a look at the drilling program for next year Cooper,mississipi, kentucy horizontal for only $450K

Q4/12 Frac 4000ft Niobrara #2 Horizontal in Colorado

Q4/12 Birch # 1 Krueger vertical well : Perf & Frac Taylor sand and produce. Infrastructure nearing completion

Q4/12 Complete and produce both Oil and Gas @ Birch # 3 Schwartz / Galbreath Austin Chalk

Q4/12-Q1/13 Drill 1000ft Horizontal well in Kentucky – A first for the Company

Q1/13 Drill PEL 105 in Cooper Basin, South Australia

Q1/13-Q2/13 Drill 6 Taylor gas wells in Texas ( low risk, highly profitable at $4mcf, secures acreage)
Q1/13-Q2/13 Complete Birch 2

Q2/13 Drill Mississippi #4 well

Q2/13 Drill Horizontal Eagle Ford

Q2/13 Drill 3rd Niobrara vertical well

Q2/Q3/13 Complete and Frac second Niobrara Horizontal in Colorado

And to top it off Cottee will work some farmout magic like CTP, looking good from where i sit. As long as they fix their communication, im looking forward to some news.