end of march - true company situation

I am looking forward to viewing the 2013 annual report which should be released by the end of March.

While it will not reveal everything that's important, it should allow us at least a 90% view.

We will be able to see just how much money the company made from last year's production, its year end debt position which can then be compared to that at the end of 2012.

The only piece of the puzzle that should remain a grey area is how much of the fraccing costs etc for the latest wells was paid for 2013 and how much was still to be paid in 2014.

Once we can see that data, the true story will be there for all to see and comment on.

I'm sure Cloak and I and probably many others will have some interesting discussion about it.

We'll soon see who's figures for cash-flow and profitability are close to the mark, won't we Cloak.

LOTM