early birds club , page-7

early birds club..update hi guys

quarterly report out late yesterday..

""The joint venture is optimistic that drilling of the first well on South Marsh 138 can commence in December 2006.""

the above from the quarterly....

hmmmmm.."optimistic", that too me sounds like it wont be drilled before years end..

i'd rather have seen "drilling rig has been contracted and will commence drilling on XX/XX/2006.

this still leaves us up in the air, i suspect we might see some fluctuations in share price until they annouce confirmed drilling date.

IMO sit tight for now and wait for drilling date before buying

as usual DYOR

regards