westx, fair enough about the loss of trust as I have lost a fair...

westx, fair enough about the loss of trust as I have lost a fair bit of trust in this management as well & that is a fair chunk of why I bought into this company.

But shattered expectation I don't get. Yes TB has a cryptic and woeful reporting style, yet if read carefully (which we really shouldn't have to do) you can see there are positives to go with the negatives of Defender & Gretel.

As I've said, SOAII is only being fracced to "increase" production, to me this is saying it's already going to produced but we'll give it a bit of juice to free up some more oil. And AusII, if people can't honestly see this APPRAISAL well is a success at 150BOPD+ then they should be selling.

In saying this, it should be made clear in these announcements and we shouldn't have any guessing to do. It is a woeful reporting style, and he tries to make it so technical that some of the positives in it are seen as negative.

Still very very oversold, wouldn't be surprised at all in about a fortnight we were back up into the 8's and above if SOAII is fracced by then.

And as for everyone saying TB should step aside, I've got zilch problems with this either, I can't blame all this on him for some of the wells not performing (which really as appraisals and wildcuts should be expected),however his incompetent reporting style & complete disregard for Shareholder value has led to this situation.