hi mattmanagement has already stated they are in advanced talks...

hi matt

management has already stated they are in advanced talks re farm out with interested party.

i believe that if there wasnt anyone interested in farm out
re backreef 1 mnagement would not have anns as such.
it serves no benifit whats so ever to state such things unless they are factual and correct.

in the current financial state of the global markets
many positive anns have been largely ignored sp wise.
i am confident that management is working towards farm out and if it takes an extra week to do that then so be it.
maybe neil should not have said two week time frame as it puts pressure on him to keep his time line. but maybe he knows something we dont !!

hang in there guys as i believe in due course ( barring global melt down ) this company will increase sp and progress towards double digit sp. it will only take a million barrels of oil in ground to achieve this.
in many anns and independant analysis have stated backreef 1 plus backreef 2 and east blina could contain hundreds of millions barrels of oil.
that will take some time to prove and it will be in 2012
before the large numbers are proven. i am confident
in obl as a mid to longer term stock that will reward ones patients.

z