yes I do believe in a Macro sense we believers in block 9 will do extremely well .. overnight we seen the markets fall over .. Oil went up WTi $77bbl .. AUD/USD down .. IMHO by the time Alameda is producing serious oil production will time up with US Shale production falling MoM .. you just don't get this giant onshore oil discoveries these days it's value will be relished just a matter of time MAY mgmt don't want to stuff this up .. we have Billions of bbls of heavy to maybe medium API .. now it's time to appraise it and work through development plans ..
Ann: Changes to Australian Exploration Permits, page-31
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