announcement, page-18

EFC,

Everything looks bad atm.

But it won't fall on it's sword.

Glass is more than half empty. Thats for sure.

Punters are disappointed to say the least.

Commiserations fellow punters.

Sooner or later ew will get plugged into the grid,, most likely under a contract that will return cash for every cubic ft that comes out of that hole.

It is G W-K's highest priority atm.

The deal will not be simply based on selling 1.8bcf.

EPR will get paid for every cubic ft over and above the absolute minimum numbers trued up.

It's a small discovery , so it's not setting the world on fire...they will discover more in the area imhi.

Sooner or later p50 will get farmed out.

Sooner or later some ''as stated'' insignificant but p50 relevant h-c numbers will be forthcoming from the 3 prospected zones of fermat-1

Sooner or later JR will announce how he plans to fess up for p46.

JR told me it will be so...I'm holding him to his word .

Back to the bottom drawer you go!

For all the posters who are suspicious of my discussions.

I have not bought or sold over the Fermat-1 drill.
cheers RD.