Ann: PCL Investor Presentation October 2011 , page-8

Nicely summed up Dknow.

It actually sounds like there starting to ramp this up themselves!!

Letting the world know what are partners are worth, what are neighbours are up to, and as we have mentioned in here, the amount of drilling all around our leases over the next 18 months.

One commercial hit from any of those drillers and we will get a swift re rating.

Each presentation seems to have a few more additions, more in the layout and the extra graphics.

Dont think we will need a cr quite yet either, FAR's takeover of Flow may accelerate the need to find 40% of our 3D costs, but we could also farmout 10% to cover that.

Go through past 1'4lys and you'll see they dont waste cash, and mgmt own enough of the co. that they also hate dilution, one of the reasons I feel comfy in here!!

Depth was being played with again yesterday arvo, some bids pulled on the buy side, but buyers still 2:1, dont get fooled into their games!!

Regards to all,

TCG