I dont agree but respect your opnion.last year they forecast...

I dont agree but respect your opnion.

last year they forecast 2,9bcf and delivered 3.6bcf and $16m net.I expect forecast is light again.

They have $28m cash against $20m cap.

They have drilling coming up this half not from their holdings by the look of todays ann and further drilling in 3rd 1/4 in the lease near MP 270.

The falling US is in its favour as is the increase in share price. They have just had a buyback which had a very poor takeup and the short term prob is no buying on the back of no news. Not to sell at 9.4c but to be all doom now is silly esp after the last two quarters they made a small profit.

It is frustrating to take so long but this is hardly the end. I am certain if they are unable to do a deal that is positive for shareholders the US assets would be sold aND THE CASH ETC WOULD COME BACK TO SHAREHOLDERS.

Have a listen to the conference tomorrow and if in doubt ask some questions.

I continue to hold