Perhaps a tad harsh. It's easy to be upset when things haven't...

Perhaps a tad harsh. It's easy to be upset when things haven't gone well, but it doesn't help to get emotional about it.

We knew they were taking a risk when they decided to drill the wells themselves without much experience rather than getting in the experts and playing it safer like, say, AUT did. If it had gone well we'd have made a killing and said they were champions, but it went bad and that was always a possibility. It was cheap because of that risk... although I really didn't see it going THIS badly!

Management is putting their (our :P ) money where their mouth is, they obviously still think the land is good. Let's hope they are better at judging land than drilling it, and that they actually have worked out how to drill. I must admit, I have low confidence in that side of things. Still, I remember holding ADI when their first well was a total disaster and wish I'd bought up big when everyone was frantically selling.

I think Justin was genuine in his confidence, not just trying to sweet talk us (I spoke to him too and bought up in the capital raising). Still seems confident... fingers crossed for the next one.