BH you make some good points However point 2 on management is for the time being a mute one This company will live or die on execution risk and this is out of our hands at the moment but fortunately in very capable hands Post fraccing regardless of result there will be a sector who would like to reward RM with the boot for intransigence and unneeded dilution .The dilution is an unescapable crime but as an outsider it is difficult to measure performance Political risk will never dissappear regardless of election results but India does reduce the impact compared to say Africa My understanding of lease conditions were leases are renewable if we choose to to so for many years to come.I remember when i found the date i just thought almost irrelevant and it was confirmed by RM at a shareholder meeting i went to Just weeks now to find out if we can extract know oil or not would love for you to get your 80C back
OEX Price at posting:
9.4¢ Sentiment: LT Buy Disclosure: Held