dear mel, page-4

Huaneng

Humble pie doesnt taste too bad ... with results outstanding, it may be hard to avoid eating some ... gut feeling is that nobody shoulld be assuming or jumping to conclusions until we hear about Test No 5, possibly as early as Friday.

So, if Kingfisher 1 has given data on one and possibly two commercial conventional gas zones ... plus two zones of potential tight gas flows after fraccing ... and the testing has been done on a shoestring ... and a decent amount of previously raised capital has been preserved ... and characteristics of the basin are better understood ... and perhaps a refined new well program has been finalised ... and we have marked time during perhaps the worst of GFC2 .... is it really all bad?

Cheers
Dex