catalysts & the road ahead, page-10

Thanks PC. Like you and your broker I would also appreciate Ryder Scott.

While I have looked at Pomrenke's qualifications (and can not fault them) I did not like the fact his company (Energy Recovery Concepts) appears to have been set up to work for Maverick. It just seems a bit too close to home. See: http://www.energyrecoveryconcepts.com/

From that point of view NSAI or RS would be welcome to provide a new reserves assessment. Academically it should provide a result similar to that of Pomrenke.

I agree production is very important for value but reserves provide the underlying asset value in any sale or corporate action that may or may not occur. At 192Mb the sp should be far north of where it is currently. Thats not to say it will reflect full value. As we have seen very recently with Aurora it went up 55% on the day its t/o was announced. It took the corporate action to recognise the value in the stock.