I have to say that im surprised that we have even one single...

I have to say that im surprised that we have even one single sell order in the market at this time.

In my mind, we are all very lucky that we know so much about our current production figures (somewhere between 110 - 200 Barrels of Oil equivalent per day),
When we know so much about our business, revenue, activities (especially) then we know our pipeline and we can make accurate comparisons between last years and this years book/last quarters/last month etc.

We have a top management team here, and two of our top dogs are 100% dedicated to Target and do not sit on any other boards/Directorships.
One of those men is our Senior exploration/feild hunter.

No wonder we are kicking goal after goal with wells.

Now back to the "im surprised" we have a single sell order in the market depth...my reasons are above.
We know what to expect and have fairly a good ability to come up with some minimum figures for this last quarter.

I expect that by the end of the year, (taking into account our new activity on the horizon and consolitation of current wells), that we will have an annual income exceeding 5 - 8 Million AUD.

If the exchange rate improves, and i think it will, we will be on the high end of the estimate.

If im right, this Quarter should index an annual sales revenue equivalent of 1 - 1.5 cents per share.

That info is due out on 30Jan2010 and i dare say that the market depth will expand quite a bit after we get the results of our feild mans ability to gently frac a well that is already bearing measureable flows.
I expect that they will be using sand for the fracking as the well can remain permeable while expanding fractures that are present and creating a few more along the way.


On the research trail,

Lautrec

PS: Laurence Roe is a very easy man to speak with for anyone who would like to learn more about the inner reasonings of the company.