Quarterly report due tomorrow, should be interesting reading. I...

Quarterly report due tomorrow, should be interesting reading. I spoke the investor relations representative today and found out a few things regarding the company.

1. Nuenco management are wanting to control exploration activities in the SELH field. This is due to management concerns regarding the takeover of Orchard and also Orchards commitment to the South Belridge project. Terms as yet unknown.

2. The company is considering using an as yet proven method of freeing the mud from the Jack Hamar wells. The technical people behind this new method believe it can work.

3. The company is considering focusing on finding oil in the SELH field, due to what they regard to the promising nature of the area and recent exploration activities.

4. The company is still trying to access a new rig to drill into the Monterey Formation. And the exploration team are excited by the prospect of finding a commercial quantity of oil there.

Things are starting to look a bit more promising imho.

Cheers