what's happening, page-5

Hi all

Broke me golden rule the other day an rang the company. Of course I got the normal spoil. But did get one interesting piece of info. They have manage to pay the loan down to only 3 mil from current production. But in saying that they only have 700k in the bank. But they believe they can have the loan paid out by Christmas.
The work over operation mention in the last market update is only to reduce the water cut by running some bridge plugs. This won't have any impact on production but is meant to reduce operational costs of the water off take.
They are convinced that they will be drilling again by June by either selling off assets or a interest only loan.
Anyways it's tough to find any excitement in this stock but thought I would pass on what was said

Cheers
Ciggs