Ann: December 2016 Quarterly Report, page-12

Have to agree with you , IMO the doom merchants are getting carried away. Quarterly maybe not as good as expected. But just think for a minute about the next quarter, a large increase in revenue to about US$3m is quite possible. Production would need to increase to about the Sept quarter level and POO stay about the same. The 70% hedged at US$42.15 finishes in Feb so that should mean an extra US$10.80 per barrel the remaining 30 % average price was US$41per barrel so an increase of US $12.00 there. So the next quarter looks really looks good IMO. I still think a T/O is on the cards all it needs is one of the clowns to sell on their holding at an agreed price and then the action would happen.