Ann: Palm Valley PV13 Encounters Strong Gas Flows, page-83

Hi Bob,
I’ve posted your reply post below. It was stuck in the quote of your post. Thanks for the input and I’m kind of in the same boat and share the same sentiment.
However, while I’m worried I spoke to MK for 20 minutes each side of his meeting with TH and CO the day after the AGM and I’m very confident that while the board appears shattered it’s not nearly that bad and LD is the business. However I think the SP will only be temporarily depressed due to this market perception and once sustained production is achieved and the real cash flows, the MCap will reflect the true value. Risks to this are firstly facility upgrade success (demothballing as RC loved to understate it) and secondly PV 13 production rate drop off.

However, in relation to the later, when quizzed on the reason for the early pull out of PV13 MK said something along the lines they didn’t know how this virgin find communicated with the rest of the field and they didn’t want to risk it. I guess that means start communicating and diluting pressure into an adjacent reservoir not connected to a well head?? I don’t know I’m not a geo. It seemed a fair reason to pull out to me. You’d hate to blow it!


BOBSAGOOD’S POST
Bad or secretive management won't attract investors, gas going down the pipe would be factored into the price by now, how can you expect people to risk money when they don't know or what's going on behind close doors at central station, good management would attract investment in Ctp but unfortunately this lot don't even believe in themselves no skin in the game or do they know something that they are not disclosing