focus on rising oil not falling gas., page-37

CoFiDa, I expect that we will be in the teens by 2013 the major SP may not be realized until 2016.

There will be extensive developmental cost as fields are realized thru 2015. A positive cash flow and realized product revenue may not occur until 2016.

For this reason a lot of major investors consider KAR as a high speculative stock. There will be a sharp price increase IMHO once the Browse Basin develops the first production well. I do not expect major investors to start coming in until 2014-2015.

I have purchased from A$4.00 thru the high SP and on the way down. I expect to make a major investment between A$5.00 and A$5.25.

Bob

Bob