how many drills & frack spreads in australia?, page-6

There are a lot of resource companies trading on the ASX who will never produce a commercial product. They still go through all the normal motions of an active exploration company initiating drilling programs and raising capital and producing reports. The directors of some of those companies know that they will never produce commercial product and are more than happy just to go through the normal motions with the sole purpose of allowing the company to continue an ongoing concern and nothing else but in so doing sustaining their own positions.

If that's what these guys are about then we have already kissed our money goodbye. I just hope that there is a real and true committment to finding a product that can be and will be brought to commercial realisation.

The only changes to this company has been the introduction of Phil Thick and Petrochina. Is this enough to change the fabric of the organisation to raise the level of determination and GROUND LEVEL expertise that will enable genuine prospects of commercial success ???? Or is it still the same incapable beast ?