Ann: Quarterly Activities Report , page-4

Agree newieboy.Very dissappointing. I was really looking for this qtr to see at least the start of the sp turnaround with increased production and revenues, but true to form there's always some problem somewhere. Cannot see anything that will realise a turnaround now, at least in the short term. Don't think there's anything there to justify a big slip in the sp but nothing there to justify the opposite either. Hartley's 5 million for the year just looks silly now. wonder what their next 12 month target will be? Keeps dropping every time they put out another report. Undervalued they may well be but until they can produce some catalyst for the sp, ie, big turnaround in profit and production we're going nowhwere. That's the crux of it really as any well they drill just doesn't seem to impress the market. These little wells have to all add up to one thing. That's realised in the results. Their not like a TAP or NDO or NXS who have possible big strikes and opps for farm ins etc. Shame.