weekly announcement , page-4

Orga,

If you have not done so please read The Compentent Persons Report issued in August of last year. It explains how difficult these structures are and that the subsequent flow rates are low.

Read the 330 update (which incidentally took four months after the well was drilled) and that will tell you that 90bbls can easily become 2,000 (and the 330 DCF valuation of $63M)

Then do some maths and work out possible flow rates and the DCF for both fields combined.

Yes the current sp is disappointing (with the current markets and with the three intervals being harder to analyse than first thought) but if the fundamentals (your calcs) check out then it will all correct over time.



Spozzie