Motley fool just did an interview with Brad and Don on the...

Motley fool just did an interview with Brad and Don on the recent shareplacement.

Motley started with "Our guidance remains to be patient and wait for a better entry point....." and then proceeded with an awesome interview that makes one wonder whether that quote was actually mistakenly put in the wrong review. Becouse after reading it why would you want to miss the chance at the potential to make dollars for the sake of saving a few cents.


There were some great answers by Don and Brad, certainly paints an exciting picture and makes one wonder what is in store for shareholders next.. A few of my favourite quotes, hopefully the company will post the full interview on their website....

Enjoy......


"Now it is time to flex our muscle on the second part of our name - exploration. We hold significant untested reservoirs and targets in our existing fields - where if we are right the numbers jump exponentially.".

"I guess we are not “in the club”. Sitting around in the high dollar restaurants and pubs with the “good ole boys” may make business deals, but it doesn't make any oil."

"We weren't sexy enough for the institutions early on"

"For our oil reserves and growth, we are the only ASX energy company not yet in the billion (or multi-billion) dollar market cap or larger category."

"Become recognised as one of the largest oil reserve holding exploration and production companies on the ASX.
As we have shown this year (according to outside analysts sources, not verified by Maverick) in passing Santos in liquid oil reserves (their 66 million net 2P barrels vs our 73 million) and moving into #3. Nobody can stand still and they had better run damn hard to outgrow or outrun us. Regardless of whether the reports of Woodside’s 119 million net 2P liquid barrels are correct or not, they purportedly stand as #2 and could be our next target to surpass. On top of that, we have done so with a fraction of the funds of our peers."

Cheers