Ann: Thailand Update , page-2

Ummm am I missing something here? The idea of an update I thought was to update... but there is nothing new here at all is there? We are almost half way through the quarter, and the current production the give us is the 1400 BBLS from the end of the last quarter. Does this mean that the wells so far this quarter have been dry?

Also the update suggests 14 Sandstone wells and 2 volcanic wells, with 10 days drilling each ... Isn't this 160 days worth of drilling to achieve their end of year production goals? Or do they have 2 rigs now? There are 50 days left in this quarter. Surely this update must be out of date and they have already drilled a significant number of these wells but ...

The quarterly said final resolution of shut in production with ALRO in November. Now update says meetings to be held at the end of November, I hope that still means the resolution will be then, and not a longer period waiting for a decision.

I am still a long term buy, but not so impressed with management reporting for the last 3 months. Since the new operator we have had less regular updates. There used to be monthly Thailand updates with up to date production and results from wells drilled. This latest update is the first in 4(?) months, contains no results from the wells mentioned in the quarterly, or anything. I will try and email them again although no response to the last 2 polite emails.