Still amazing value producer under MC 100 million IMO. This...

Still amazing value producer under MC 100 million IMO. This ESCROW comment keeps trying to put off investors... it will be traded this time next year. Happens often and should be added to current MC, not what you viewing on etrade or whatever. Confirmed held back flow of 2.7 mil pm and upped the NET profit... more to come when Gas Plant built. Another 17%...

Under 100M and the small flow rate being held back turning near 20 Mil pa now. With a lot more to come from bottom line and other Well 2... not sure about Well 3 as MD stated it higher risk and Well 2 reserves are there. He sees no issue with Well 2 and believes probable longer life than the 10+ years from Well 1. All looking good...

Then let loose on 4-6 Mil pm dependent on current oil\gas pricing in 2012 by then... when NET profit near 70%. As opposed to 52%.... Plus development Well being drilled now. Strategically all falling into place... well played by the Operational, strategic and investing Directors. IMO.

What a bargain... thought it was going to fly through 40c today. Not to be... soon. Should easily be valued 200Mil MC IMO in current earnings and small premium for high probable 2012 earnings. Regardless i will not be looking to sell unless we over 70c. As Well 2 looks a winner... only development Well not speccie.

After last ANNs seriously derisked this gas and oiler... great value.

Cheers....