Ann: Myall Creek Well 5A Spudded, page-19

Something that is regularly missed, is the sheer cost to fund this operation.  Cost is of course the contra to earnings ... and we have plenty of costs.

Year after year we hear about the potential, whilst in reality the Company asks Shareholders (and others) for more money as we have never made a profit.

The biggest costs are yet to come of course and there is no guarantee our large northern holdings will be profitable.  This is a direct quote from NM btw.   Our best bet is to stay soley in the Surat for the medium term, to see if we can make a profit, and pay back some debt.

The ongoing reality is our poorly performing Share Price.  We have been around too long for the market and analysts not to have discovered us, if we are indeed that good.

The truth is the Company must first prove the Surat operation to be as profitable as possible, otherwise we will always remain a lowly rated stock.  These guys are paid very well, they need to Prove thet can deliver a profitable business.