re: elephant territory graham58, page-2

re: elephant territory graham58 The fairfield rig is ARQ's . Was in good working order when last used . ARQ didnt use it as they would have to fully man it with a crew over long period . You dont just get a crew together easily if business isnt long term . Dont know much about the rig itself . You could go back through HDR HC postings and ASX announcements past and see what wells it did . I think HDR described the rig a few times ...

ARQ got the share price treatment over the past 12 months because of the production problems at Jingemia and especially for not telling anyone about it . The sting of dusters that occurred put the nails in . Ther eis an small Institution selling atm I hear with less than 4% holding . We know these types can be irrational at times , they only play with other peoples money . Reason for sale is not known , could think they can make a fast buck elsewhere probably . ARQ arn't reading anything into it .

Now production problems are fixed . Exploration is the key to the door of the dog house . Success will change sentiment . POO will be strong enough in the future . What has happened in poo over past days will pass soon I expect .