What is today about?, page-8

OK nay-sayers what would you do?

a) Costs in the Queensland upstream market have gone through the roof, based on the ineptitude of the CSG to LNG players, based on expats trying to use offshore drilling and completion techniques on CSG wells.

b) Environmental and Petroleum regulation has gone from practical to ridiculous, placing unnecessary burdens on all operators to gain approval for exploration works.

c) the majors have done very little to stop the lies from the anti-groups, and therefore every company must apologize to every community for holding exploration acreage let alone considering drilling a well.

d) even if you find resources, the market is always telling you that you need more...

Resolving all of these issues costs money. 15 years ago, companies like Arrow and QCG were started on floats of $20M, but in today's environment, it is just not enough, unless you are geared up to battle the above challenges.

Blue has two very experienced oil and gas professionals at the helm, guttless trolling is pointless. If you want to see the SP increase, get behind them - support them and not drag them down.

They have both lived through low oil price and tight markets before, and we are going to be surprised and pleased when the market needs this gas.

This is a downturn in our market.......lean to ride the wave, or leave. Your choice.