Is anyone else looking forward to further production information regarding the Riddle #11 well?
Based on flow rates released by the company in May 07; this well alone should have produced between AU$400,000 a to $1,000,000 worth of crude oil to date.
Not bad for a spec with a market cap of $9,000,000.
It makes sense that the company is clearing the areas around Riddle #11 for more wells and securing the adjacent leases - this area is the key to initial cash flow imo.
I notice the director's caps are being bitten into occasionally?
-all in the announcements.
Is anyone else looking forward to further production information...
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