company presentation, page-2

Hi JBALLS
Worth a read....

I like the look of the numbers youy mention but I'm not sure they will impress many. But wouldn't I like to realise those sorts of valuations???!!! I wonder if the company would not be better off contemplating swapping some of their remaining 40% equity in Jaguar which is already farmed out on favourable terms for equity in another one or two imminent wells with reasonable prospects. I for one would prefer a more modest return (only a 10 bagger :))) with greater probability of success than the 50-80 bagger that could arise next year. Looking forward to Muness in the next couple of weeks.

With the Jaguar well likely in later 1st half of 2006, I was just contemplating what could happen to the stock price even in the lead up to its spud date. Just dreaming I guess, but I will certainly never have to work again if any of the company-making wells is successful.

regards
DF