interesting article., page-9

Lepanic,

"seems every company out there has 1billion barrels of oil and 20tcf of gas". LOL your not wrong!!!!
Just looked at them hype stocks you mentioned. Thanks for making me more depressed LOL.

FAR - 76 mill market cap. 8.5 mill in the bank. 3.5 million from recent capital raising and a whopping 324,000 in 4th quarter gas sales from some tired usa well which they got a massive 3.76 per thousand cubic feet HAHA!!!
Oh but SHELL shot some seismic in senegal(safe country) so its trillion dollar maker. Far has 90% of the permit in this offshore block. 8.5 million will go along way to paying for drilling for this LOL. They will have to give 89% to shell. They won't be able to pay for it.

MEO - 202 MILL market cap. 17.2 mill in the bank and burning fast. Doing some deep sea fishing / I mean drilling. Have 11.5 tcf of gas and 9.5tcf in wa360 which they have 70% of. Might bring back a flat head.

BUY - 1.7 mill in the bank. 38 mill market cap.
Quarterly is the best fairytale since Alice and Wonderland. PEP 11 SYDNEY BASIN 9.2 TCF AT P10 LOL
utopia - $80,000 in oil sales. Potential for 12.8 million barrell resource in the eromanga basin, yeah
riiiggghtt!!!

Cool asx code BUY, BUY BUY lol and they are. Saw you made a quick buck out of it. Good onya. Did you shout your mates a box of bounty bars. Hold off on the bollinger for CCC.

KAR - 1.7 billion cap, drilled 1 hole
21 tcf LOL
Already the next woodside, just a matter of proving it now and whats 1 or 2 decades of development till production LOL


AND THEN the stock going nowhere

COE - 5 SHAREHOLDERS LEFT ME, AUTO, MIKE AND 2 INSTOS LOL.
124 MILL MARKET CAP
94 MILLION IN THE BANK - beach only have 130 million LOL
LAST QTR $12 MILLION IN SALES
2 MILLION BARRELS IN RESERVES
tapis $76US aus dollar 82
SO $92.28 PER BARRELL REVENUE
COST $20 PER BARREL
MUCH MORE OIL IN PEL 92.
We even found butlers discovery i million barrels in early july. If we announced it now, probably different story LOL.

2 QUALITY BLOCKS IN THE 4th RANKED MOST OIL PROSPECTIVE COUNTRY TUNISIA.

GAS EXPLORATION IN INDONESIA

Government terms in tunisia very good.

EXPLORATION DRILLS NEXT 12 MONTHS

FUCHSIA (35%) - Shallow offshore DRILLING late october november. Waiting for soil test.
21% chance of discovery. Located on a high in between 2 discoveries. About 10-27 barrels if there is a discovery plus a basin enabler so much more development potential. Cost 12 million to drill. Take a month to drill.

TAZERKA (35%) - redevelopment potential. Previously produced 21 million barrels. Probably contains a further 50 million barrels but not sure if its economical.

MENZEL HORR (100%) - onshore prospect. Own 100%. Currently shooting seismic. Cost $5 million to drill. Potential 3 to 19 million barrels.

WEST HAMMAMET (100%) - has 2 wells. both discovered oil. Only produced 240 barrels but cemented casing so cemented the fractures LOL. Spending 3 million on seismic. Potential of 10 to 56 million barrels.

INDONESIA - APRIL 2010 CAUSE WET SEASON NOVEMBER TO MARCH
GIGIR EAST ONLY 40 BCF (NOT 21 TCF LOL) BUT RIGHT NEXT TO GAS STATION AND 90% TAX FREE. WILL COST 2.2 MILLION TO DRILL. SHALLOW WELL ONLY 1200METRES. Will pay for kurnia if its good LOL.

plus the 94 million in the bank to do something with.

MAYBE mike scott SHOULD BUY BUY OR FAR. They have great stories lol.