inconclusive, page-15

I have been in Kar since March with an average price of $3.50 and have traded it but my instincts luckily in the last week has saved me tens of 100s of dollars as it was not worth risking a big poistion. THANKS PETRORUN...YOU WERE SPOT ON!!!!!!...SAVED ME A MOTSA

I have believed this story from the drilling of Pos#1.

If you look at their reports from the day they announced hydrocarbons (i think POS#1 Number 13) there has been precious little in terms of ACTUALLY what they have.

Mechanical failures, dusters, now inconclusive ....


Nothing about the sands they are drilling, their attributes, what they look like, porosity, permiability, what type of hydrocarbons, condensates?...

Only...logging while drilling has indicated hydrocarbons. You know what...big deal!!!!!


So its cough up time. Either show what you have or shut up. It seems to me these guys are starting to mine the market and not the ground.


The market has priced in their promises and hype. No longer. This is not worth buying anymore.


I will wait till it gets to a price that has fully risked Browse, maybe to $3 (with Brazil Peru etc)

Its only really worth buying at this stage when they say what they have. I would rather buy this stock at $20 when they have a secure resource and its commercial rather than risk buying at at $8 in the vain hope that it will do something. The risk to reward is not worth it. As we have seen today, onE bad word, one murky announcement and the thing falls 25% in minutes. bad stock.

Unbelievable, it acts like a penny dreadful of sub 10c but capitalised in the billions.


I will wait till they actually have something.