So why didn't I sell, facts not fiction.
Did I like theannouncement this morning. No
Did we get a bad result whenit came to the well at Welchau. No
Do I like the idea of waitingtill October to get the results from Welchau.No
Do I trust thepeople that run this company. No
Do I think this is a big overreaction. Yes
This is thething, I never bought for one reason, I bought for multiple reasons.
We are in the heartof Europe,
Where they arescreaming for gas.
This was alwaysgoing to be risky,extremely.
But so was Bitcoinwhen it first came out in 2009 @.01, today people wish they had abought Bitcoin back then
Do I think thiscompany is another Bitcoin. No
But I can say withconfidence we are certainly going somewhere, but I know there is along road ahead. How long, I believe within a year this company willbe transformed. And I have placed a quarter of a million dollar beton it.
Does this mean I'mgoing to be right. No
Butafter doing my homework I'm willing to put my money where my mouthis.
1. A permanentproduction unit (PPU) with a capacity of 3,000 BPD contracted toreplace the Anshof early production test unit. Ready to startwithin weeks @ up to 1,000 BPD to start with. That they own, not renting.
2. Preparation todrill Anshof-2 side track well.
3. Reinstateproduction at the Anshof-3 well following completion of installationof the PPU.
4. Preparation todrill a further Anshof oil well and an ADX-AT-I Investment Area gasexploration well.
5. Mature shallowgas prospects within MND Investment Area and large, high impact gasprospects for farmout in 100% equity held acreage in the ADX-AT-Ilicence.
6. Results ofWelchau in October or if not beforehand. Which I think they may getbeforehand because of the Austrian government being so desperate forgas.
7. Plus 1000 squarekilometres of unexplored gas terrain
Not up ramping, notdown ramping, just facts.
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