Ann: Petsec's Mystic Bayou Discovery Well Commences Production, page-7

Fike,

I would hope that not all outcomes are pinned to one prospect ... I expect to see a new profile of exploration targets for 2016 and that we continue on exploring ...

One thing for sure .... if we don't continue to explore we won't have any chance of success ...

Haven't heard that "Hummer" is a dud ... If it is we should know soon (either way)...

I'm resided to the fact that the share price will remain in the dulldrums until a major uplift in success rates are established ...

Until that time comes you either "ride it out" or "sell out" ... I'm in it for the long haul ...