re: news?/bwana/jocam/this is it This is it, i spoke to a...

re: news?/bwana/jocam/this is it This is it, i spoke to a gentleman this afternoon from the company who seemed rather busy setting up the new Melbourne office.Nice Chap. He told me we could see about eight holes drilled over the next month or two and up to (hopeful) 40 by year end, although 20 would be the low side imo....one property is in Utah mainly natural gas and the other is oil in East Texas,which already has proven oil. Its just a matter of finding out the quality and quantity at the lower depths which is the guess by using more up to date technology then during the 1950's....but a least there not drilling dry holes..... (there has been a little delay due to the popularity of rigs,( make a packet if you own one).... which makes it more encouraging and when they do become a producer cash flow will come in within a month not like some other ventures who are still scratching their heads trying to work out extraction techniques......as you said the price will be a little volatile but seems to be showing a good trend and once the old shareholders are out of the stock i would expect more up trend to come imho.The share registry has some big instos on it and private clients who are familiar with American Oil fields.....Cheers for now