now and onwards, page-2

Also, another anolmoly which everyone should clear up for themselves - as i did - is that the Directors are going to join us as shareholders as opposed to buying themselves half a house each...based on a 2004 gasflow target of 3million cubic feet per day.

For the record,
a)
we have already acheived this milestone and the Directors have been entitled to this for some time.
b) the 3mmcfpd is not the maximum, we have well overtaken that flow rate when all wells were combined - however we have just demonstrated 3mmcfpd for 2 months, which was the stipulation.

The above has only happened on the wells which were commercially viable i asssume and so the other wells, which may also be capable of commercial flows, have been turned off as of January, due to uncommercial gas prices in the region (which every company has experienced, right down to other land and ocean drilling platforms halting activities for the same reason etc).

So in a perfect world?
We would be better off than now for certain.
And all the sign, indexes, indicators say that everything has stopped getting worse or has begun to look better.
That means that commerciality is around the corner, which means a suitor would be more likely to buy now and it measn we can bring other wells online again soon.

By my estimate, if everything was commercial for us right now, and we were to add together all the average well flows which have been reported over the last 2 yrs, then we might be bringing out around 10mmcf per day or more.
That is a guess, not a rumnour - include this important detail if you cut and paste me ever.

Cheers