re: Ann: Update Yunnan Drilling and Ecuador D... Hi Macau,
It's good to hear some news of any description and it certainly sounds positive. I'm not too sure about the rainfall causing the severe delays though. Information I can find online suggests that the Yunnan province is in the middle of a 3 year drought. The 2011 rainfall up to November was 841mm, "the least precipitation ever recorded for the same time of year".
http://www.ecns.cn/cns-wire/2011/11-10/3733.shtml
On the same day, China Daily reported that 2 people were killed in a mudslide in the Yunnan province caused by the continuous rainfall.
http://www.chinadaily.com.cn/cndy/2011-11/10/content_14068525.htm
Anyway, I am positive about the news in Ecuador, these are the permits that had shareholders so excited a few years ago and the loss of which caused our current low shareprice. I am hoping that we hear something positive about Yunnan soon, but I don't know what to believe about the rainfall.
All the best to us all with this one,
J
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