time running out, page-6

I have also been around since the days of Occarew, and have appreciated Dave's posting.

IMO this Company is terribly run, and it's announcements have no credibility. The following is an excerpt from July 31st announcement in 2008

The Company’s Board and Management are aiming to achieve the following targets for the current September 2008 quarter:
• Gas production from its properties to increase to 20 million cubic feet of gas per day
.......
• Completion and subsequent implementation of a Strategic Review in conjunction with Goldman Sachs

I left a couple of other announcements out, but whatever happened to the 20m cubic ft per day of gas?

And people are so excited about Goldman Sachs - but they have been employed for close to a year (maybe that is where the $2m+ per quarter of administration costs goes?).

They have run out of cash again, and must either sell within a couple of weeks - or do another capital raising - or produce 20m cubic ft per day to start delivering production revenue