any idea, page-18

Meekat

'Hartleys end of August'....

You are very out of touch with info on HOG.

There have been 2 reports by Hartleys since the August one.
One on the 6th October 2011 and another on 20th October 2011 (their latest). There was also another report done by D.J.Carmichael on 6th October 2011.

What we are waiting on is the independent report by Moyes & co who confirmed the 3 fold increase in the 2P reserves and which is due out in November 2011.

We all agree the drilling is terribly slow, but they are restricted with quite old equipment as that is all there is at present and they are being very careful and not taking any risks, hence the terrific results so far.

Now that Shell has come to Ukraine, things might gradually change for the better as Shell is bringing the latest technology and equipment and they could quite possibly alter and improve the other oil and gas companies over there including HOG, due to exchanges of information on techniques etc.

However give them credit for what they have already achieved with what they have to work with.

We want them to be able to recreate that again with chets.

It will be those that have the patience who will benefit from HOG providing chets is a success.