Ann: Phoenix South-1 Well Update, page-20

In 10 days the rig leaves the site. No flow tests have been done and we don't have a forward work program.
My guess is that the well will be capped as a future producer and abandoned and there won't be any further action on site until 2015.
Traders will leave and the share price will drift.There is a lot of engineering to discuss.
This is opportunity for the patient.
My small interest can just sit there but I expect to buy more at better prices.
So be patient guys. It's a great project but it will take time and provide lots of opportunity.

Cheers all,