This is Mr Lincoln Augustus, first second cousin of...

This is Mr Lincoln Augustus, first second cousin of Holymagiman

Not too much time to say much today, so will say too little.

Some complaints that management was not doing enough these last 18 months. Seems to us that drilling was not allowed, and the management had its hands full of vegetables that had the fat controller's ears. So they spent a lot of time cooking the vegetables and cleaning the fat controller's ears.

Don't seem like any of the other NSW coal seam companies have done any better in this time.

But management has got a production licence approved and another lease granted, which seems ok by us.

That capital raising - a lot of words been said. But what if the money had not been raised and the DOW had tanked? Don't know what to say to the better educated folk, so won't say anything.

The drilling program seems to be planned and we feel that it cannot get any worse than the way Kingfisher was drilled and its gas quantified. Hopefully the weather holds good, the planning is better and the drill results are good. Time will tell. Metgasco is an exploration company at the moment.

Resolution 4
The shares to Peter Henderson. He gets 368,727 shares valued at 22 cts that are immediately tradable = $81,120. They are given in lieu of cash by the company and we feel ok with that.

He is also given 983,273 shares that are in a trading lock till 23 August 2015, worth $216,320 if vesting targets are reached. They have to reach a VWAP of 0.35 cents over a 30 day period before then or before a takeover if they are to vest to him. Again we have no problems, especially as there are/have been companies that have granted shares to directors with no targets to be reached before vesting.

The guy must feel pretty comfortable that he will reach this level at least, and we hope that he is aiming for more.

There are some big companies out there which are having problems with lines of credit, so we see no harm im Metgasco asking for a further 10% in Resolution 6 to ensure that it can get cash if it needs it, hopefully at a higher price than recently.

some pretty strong efforts been going on in these posts to push the share price down, but if everybody here be buying or selling 51 shares, just like the family got, then no great harm being done either ways. There be more powerful forces out there that be knowing more than you or him or us, that be for sure.

Just some random thoughts of a Jamaican rampermon with nothing much else to do. We be buying our allocated one share that be for sure.

Blessing of the Lord
MLA