Really strange announcement when you look through the smoke and...

Really strange announcement when you look through the smoke and mirror's.

In the initial announcemnet the well had produced 1100 BO in the first 36 hours ie midday Wednesday.

They are trying to to say that the well is flowing in "slugs" and the current rate of production has seen flow rates up to 800 barrels a day with 85% of it oil & 15% water.

They must be really tiny "slugs" since the well has only physically produced another 800 barrel of oil in lets be generous and say 4 days, wow less than 200 BOPD.

Maybe they didn't learn from Anadarko how to drill these right with a slotted liner after all :( :( :(

Feel really bad for those of you who have stuck with it all this time.

Time for heads to roll, the directors have had too many chances to get this project right and have failed shareholders miserably.

Hope they can salvage something from this situation, but all the time you're racking up additional expenditure :( :(

LOTM