increased price target $0.54, page-11

pisces, while I follow your logic in my opinion some of it is flawed in that parts are based on assumptions that unproven or incorrect. ie.

you are referring to SEH as "speculative". the stock has now progressed well past that definition with the current valuation of 2p reserves alone well into in excess of the SP and amply sufficient to attract finance from the chinese banks. that's not speculative.

"people start doing their sums".
Well analysts and RISC have been doing their sums. Patersons (just one of 4 analysts on board)we are told get 54c. currently, and RISC have added another 50% to their valuation.

Further with another RISC upgrade in Q1 say march will include results from the remaining wells to be completed, gas flow results from a further 12 wells, and what could add a significant dimension to the stock - results from the horizontal drilling and fraccing in one well. ok. the last para is speculative but most likely to also be very positive.

gk.