bigger then ben hur, page-3

The outlook has changed, the SP is turning.

1. We have a fantastic flow from Outlar-1 and the gas is rich (premium price).

2. JF-1 so far looks a treat.

3. $US3,900,000 in on sale of Oaklahama assets (I never thought Exoma would get their float away but they have).

4. Turkey buyers money has been received. Warranty issue put to bed.

5. Very impressive equity funding facility for $20M offering alot of flexibility (to AZZ).

6. A portfolio of excellent targets to drill.

This is a cracker of a buy at these levels