$2 mil cost with 6 months building time frame... Small cost and...

$2 mil cost with 6 months building time frame... Small cost and time frame for an MASSIVE return on investment for an extra 17% of all revenue... then upgrade choke. Ideally with what we hope will be great news on Well 2. Meaning no 17% payable on any other Well.

IMO- some sold thinking they could reenter before Well 2 comes online. Should take off before then IMO. As we have 3 Mil pm and this is being held back on purpose. To save 17% of all revenue to build our own plant. Once the market knows this is true then it will be seriously rerated IMO.

MD states their target of 2 producing Wells with a 100 Mil pa target for 2012 is 'highly probable'. They have proven their worth in getting Well 1 online without many issues. Holding back flow rate to only $3 Mil per month as not wishing to pay 17% to 3rd party.

No good pumping out 5 Mil worth pm if we paying 17% to a 3rd party... made perfect sense to me why they not upgrading. As discussed with the Directors many times to request while choke not being upgraded- the answer is very easy. The info not so transparent in any reports... it will be in the future apparently.