Greetings, The announcement provides no 'news', only historical...

Greetings,

The announcement provides no 'news', only historical data and information which has already been released.

Of particular note is that oil flow, or the expectation of oil flow, is the key element to a share price rise and negotiating (eg farm-out) arrangements. In a nutshell, Directors and management hands are tied for the next 6 to 7 months.

I read in the announcement that $900K is estimated for next quarter - appears mostly for remuneration, travel, administration etc. As I noted in an earlier post, the next six months should be a time of restraint on such expenditure, reduce remuneration, travel and administration expenses.

Finally, I read about recovery of frac fluid, water and composition of material extracted. Surely PB a recognised expert and specialist in the field could provide an interpretation - at the moment merely providing technical data is not very useful to the garden variety shareholder.

Bos