sgy neo, page-3

SO ! WHAT'S YOUR POINT JATZ ??????

What are you counting as the 7 Successful wells ?
JH 1-12, 1-13, 2-13, 3-13, : JH 1-1, 1-2 that's 6. Are you including Citrus 7 ?

If you were up with the play JATZ and not just trying to poke the borax then you would know that JH 3-13 is definitely a commercial discovery of gas and negotiations on its sale are pretty much completed and that it should be flowing by about end of July / August. That will produce a cashflow that, while not huge, will still provide some money coming in.

It has been quite surprising that the share price has held up reasonably well with the Rights issue offers on their way today.
Especially after the slight setback at Jumonville #1. I would have expected it to slip lower than it is at present.

Once there are some more information flows (e.g.possibly about the high level of Rights take up or some good drilling news from Bullseye - probably in that order) then the sp will lift. This is just the "wondering" period about what is going to happen over the next month. Wondering leads to caution. Surely you know that JATZ