Yes radon, I agree that all information surrounding this stock has been suspect.
They have announced many times that 5 wells have been producing. This has been for a LONG time and still no indication of flow rates. Other posters suggest flow rates of 5 to 8mmcfpd. If this from 5 wells I am greatly concerned. If all 5 wells were no longer producing, for whatever reason, it should have been announced. But nothing seems to get announced.
Everyone it seems, is aware of a few very large holders. Why are these large holders confident enough to invest so much into this company? I certainly wouldn't be comfortable holding over a million shares based on the ASX announcements alone. This tells me that these large holders have sources they truely trust. How much would it take for you to invest over a million bucks of your hard earned cash into a speculative gas company??!?
Time will tell, but I'm backing the big guys who have a lot more to lose than I do.
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