extract from austrlian investor, page-5

Strange why it is being sold down....even after Rights issue...why would you intentionally register a loss ? Unless you borrowed heavily on it ?

Following from Petro Resources on East Chalkley...

Mr. Don Kirkendall, President of Petro Resources, said: "We are pleased that drilling operations have commenced on the Newporte Prospect after several weeks of delays related to rig availability and weather. We are also looking forward to production testing the EFMU #23H well in the East Flaxton Madison Unit in North Dakota."

He added, "We are encouraged with the results from the Pine Pasture #2 well in the East Chalkley Field since the logged pay and structural position were slightly better than our pre-drill expectations."



All good in my book...