KIK have got in first with the farm - out. I just spoke to the...

KIK have got in first with the farm - out. I just spoke to the legal sectary of the company and expressed my concerns on why we don't have an announcement out on the reserves. She said that in early December they will have there estimates out, and that the kik estimates are not NDO estimates, as they haven't finished there wire logging and reserves estimates. What are we paying 3m a quarter on staff costs then for? Lots of coffee by the looks. Going to speak to joanne now

The legal sectary told me that the company is going to use the golac money for the exploration of the massive targets. The way oil prices are going isn't going to be much money. I feel a capital raising soon. All the money from Galoc is going to be spent on admin and exploration. Oh no...we need to strike oil in the bigger prospects otherwise we are doomed