resource upgrade and cashflow I have corresponded with the...

resource upgrade and cashflow I have corresponded with the company regarding the recent activity of the company. From this rbtl.

3D seismic is very promising from first analysis.

Realisation of value will be through merging with another US company who already have a US managment team on the gorund. i smell t/o.

Cashflow will start to increase in coming winter. (see fridays ann)

Considering its producing $2.5M from the little bit of gas dribbling out of a couple of wells, it has heaps of acerage, lots of wells, 20 Million market cap, resource upgrade within 60 days deadline.... makes me wonder will we see a takeover before then or a run when the upgrade comes through and the lease value goes through the roof and 20 million will be cheap to buy acerage worth hundreds of millions.


just my thoughts. please share yours.