Hi acturtle,Iam waiting for the appointment of a new CEO then I...

Hi acturtle,

Iam waiting for the appointment of a new CEO then I intend to have discussions re the future direction of the company.

In my opinion, wildcat drilling is not generally successful for small cap companies and they should follow the HDR and PCL and BUY line. ie. farm out for a free carried interest and only fund drilling to prove up discoverues.

This being the case, the $8m will last years and another HDR, PCL, BUY will happen.

A lot hinges on the professionalism of the new CEO although David Kennedy has his hand on the tiller and Andrew Svalbe is now a director. These guys are much smarter and this company has a great future.

It's another situation requiring patience. Not for traders who require burping after every feed.