tax position, I am loathe to give an opinion on, but other posters from before had contacted company and company said big losses available.
Gas prices, well I suppose we have to sit back and find out. Currently it is $5.27.
Re length of the wells, that is the absolute key. That is why a few more even smallish discoveries will have a massive payback for them as existing infrastructure already in place.
And the stating of cash spend for explor/prod of US$11M in calendar 2003, well that answers a lot of questions.
I am sleeping at night holding this one. What on earth will they do with all that cash? It is mind boggling.
PSA Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
