So with historical information, new information where are we...

So with historical information, new information where are we now….?
Have tried to make this neutral.
We have 2123 sq. kms of Real Estate.
Oil seeps in that Real Estate
Excellent Potential and targeting Oil & Gas
A PSC which is more favourable than Santos’ 75/25% for Oil and 65/35% for Gas
Highly prospect regional play (nearology)
2.2b Shares on issue + Options
Top 20 Shareholders own 41.82% of the company (as at 31 August 2012)
417m new shares (Probably to be issued) at 0.006cps
208.5m new 2016 options (Probably to be issued, exercise at 0.015) (1 for 2 of above)
If above fully subscribed, approximately $6.6mil+ in the bank
Offer open to Investors, Institutions, and Shareholders (Directors to partake)
Increasing regional prices for Gas
Government encouraging Oil & Gas Investment
Cheap drilling costs relative to other locations
Good infrastructure to link into easily
Indicated valuation by Pro Active investors on 15mmbl Oil Discovery at 0.04cps (for 1 hole) +700% on today’s buying price
3 drills coming up soon(ish) – Yes we wait for further details
13 other leads
Mr Thamin on the board…and has a vested interest in the project, as well as reputation??
QPN reportedly seeking more acreage in the region
Drill locations identified, sourcing rigs now (Expect announcement on or close to 14 September to tie into meeting??
High salaried CEO/MD - Arguably slightly premature??

Questionable Management intent?? Record of shafting holders, or is this the real deal…only time will tell – JATZ, you brought back memories….thank you or curse you :)

So with some scepticism we have many positives, a neutral or two, and ‘to be cautious’ point.
Can Gus make this the real deal for QPN shareholders? – The Million Dollar Question….let’s hope so.

Buying at 0.006 today? Yep its 20% higher than buying at 0.005 for sure....
Chance of getting some at 0.005? - Perhaps slim, slimmer in any quantity?? – dunno.
Do you want to be in for the Share Offer and Free Options? What value might they have short term?
If this was to push through 0.02 cps, a 400% increase on today’s price, and only 50% of 1 average discovery (from 0.04cps Pro Active Investors valuation)
Time to meeting and Probable ratification of proposals = 6 trading days.
Spud increase – reasonable expectation.
Increase on any sniff of Oil or Gas – I sure hope so.

I have proxy voted yes to all resolutions – (like my holding will make a difference…NOT…LOL)

Disc:
Top 20 taken from QPN website.
All other referances are taken from announcements
Comments/Observations are my own, and some raised by other posters.

Being fairly discussed ATM, but expect both hard rampers trying to push up, and Down Rampers trying to get in & cheaper to arrive in the next week or two.....not to mention those trying to save us all :)