Ann: New Seaclem 1 Progress Report , page-22

Peoples...this is the first drill. I think people are getting way too excited.

If this is to ever go into production then it will be many many years away. Have a look at the Gorgon Project and how long it has taken to get to the point where they are now spending the capital to get it out of the ground from the date of the first drill.

Or compare it to a far more advanced exploration company like Karoon Gas. They are still drilling with a share price that fluctuates between $7 and $11.

They are only drilling to see if there is anything there worth spending the capital on for further exploration...this is a good thing given the location....easy does it and the knockers will be kept well at bay...

Chill out it is Christmas........