boardroom radio interview

There is a boardroom radio interview released today which is well worth a listen to .

Significant points imo -

- initial 4 wells from Clear Creek expected to be producing in July (connected at end of June)

-of those 4 wells, 2 flow tested at approx 5 million cubic feet per day and 1 flow tested at 3 million cf per day

-it is anticipated that reserve increases will regularly occur . It is expected that the 2P reserves of 264 Bcf will become 1P reserves this year . (If that happens the sp valuations will be based on a gas price well above US $3 as opposed to the current US $2.28)

-ceo says the Pattersons analysis is close to expected company forecast

-expects signficant market cap rerating over the next 6 - 18 months

(Bugger of a day to have this released but the content is great .)