directors shareholdings, page-14

re: good presentation, little response. Well Acturtle I guess we do disagree on this one ...

I agree with you that speculation on the China program was built into the price... and that the two dry wells did "burst the speculation bubble" ... but my point is that this was over China (only) .. and that with Muggles and Lake Long (plus the others) still to come and with China still not resolved this was a short term overreaction. More specifically ... you stated that one should sell before Muggles results are known and that if Muggles results are negative then the SP will go back to 4c ... WELL WHAT ABOUT LAKE LONG .... why would the SP go back to 4c with Lake Long already spudded and waiting on results ... with FARs previous rigs in Lake Long returning 4 out of 4 positive results .. you did not mention any of this in your 4c predictions ...

Hey ... I know this is a forum where we all have different interpretations and analysis... but your predictions appeared to fail to take into consideration any of the Lake Long operations which in reality offer the biggest potential return to FAR holders in the whole of the 2004 drilling program...

Please correct me where you think I am wrong...


Blackspot