Ann: Thailand L44/43 Concession Resource Estimate, page-4

re: Ann: Thailand L44/43 Concession Resource ... Woodgnome,

Every now and then I get excessively enthusiastic about a stock. LIM late 06, JBM late 07, IPM early last year, IGO during the GFC (the only thing I topped up on then), CVN early this year, then BOW, PNA and CUE a little latter. Most of the rest, and most of the rest of the time pretty luke warm at best on most things, as Gottcha will attest to.

Flow rates did promise an extraordinary ramp up. Maybe that is not to be, but the original plan had been to drill the ......out of sandstone, delivering maybe 100 mmbopd per well. Whatever we have now is still heaps better than that, if not quite our wishlist - over rated at best.

Profit margin on revenue, ROE, reserves, prospectivity. These are the key things we need to focus on, not flow rates per see.

Every now and then a stock stands out imo, and if there is a big persistent seller masking that, then I say great.

John is right about this stock.

EL