investor presentation, page-8

It would be helpful if they were to explain this more fully - maybe with a diagram of the reticulation system they are employing to take the gas.

If this is happening with the first Marlin well then what will happen when they have two on-line - will both be constrained to a total of about 10-13 mmcf. They may not want to spend more on a pipeline upgrade until they know if these rates can be maintained.

That re-rating is a long time coming though you would think it inevitable if Marlin-2 goes as well as Marlin-1. It is nice to see that their cash in the bank has been steady for a while and they must have around $2m coming to them from sales by the time Marlin-2 is completed (probably about 3 months from now) - mare than paying for their share of the drilling costs (assume NRI again increased to 23%) without dipping further into reserves.