Hi Gerkin,Its the 7000 acres that I'm refereeing to which I...

Hi Gerkin,

Its the 7000 acres that I'm refereeing to which I presume includes the ~3000 JV acres. I can only agree with you. taking into account the lack of completion detail from Obenco on their well and lack of any info on Bonner 1h and the new JV permit lodged in Dec all we can conclude is that Bonner and the other Obenco well look good and they are deliberately withholding news for commercial reasons eg trying to seal some deals on additional acreage at a lower price. While you could argue that's against the ASX rules, in Texas they will do it their own way and hopefully it will ultimately be to the benefit of shareholders.

There still seems to be willing sellers in the mid 4's.... the cynic in me wonders if this is a deliberate suppression before a CR, hope I'm wrong, we should have enough capital to partner in another well, Roundhouse or Olmos before capital is needed.