Ann: Letter to Shareholders , page-8

So what do you people expect him to say.

If nothing was said he would also be canned for that.
Better to reiterate that there are significant contingent and prospective resources.Furthermore they are likey to flow.

Vertical wells nearby did manage to flow , and the horizontal well produced high pressure.
Expect late 13 and we have funds to cover 1st well.
He is also selling the story to people who may not know what is going on.

Put em in the bottom drawer until the next well is spudded.
You have to believe they will get this right sooner ofr later and the prize is big