arrowsmith 3, page-126

DG,
I have no issue with the company paying for this analysis of themselves.
The onus is on the writers of these reports to keep them honest and to retain their integrity.
The onus from the company's perspective is to ensure that they put everything in front of the authors of the report for them to consider.
As I said earlier, I think that the report is accurate and is as I would view the company except I think that the value is significantly higher than they have assesed it at and largely for the reasons that I have outlined above.

The report writers have no confidenceor not taken fully into account, even though they have alluded to fact that that the resource numbers are linearly extrapolatable, whereas I believe that they are.

The American shale industry has proven that this is the case.

The only real issue that I know of in this whole development is Peter's ability to raise the funds to do the future development without dilution of the shareholder base.
I know that this is his aim/goal as he is a major shareholder also.