what a wash out, page-10

Hi all,---I am waiting for the interpretation of the 2D seismic with the latest computer software.

The Indonesian Gov. did the above 2D seismic, some twenty years ago---oil at $10 to $12 barrel US, would have made 800 to 1000 barrels a day a marginal prospect with a lack of associated infrastructure---my opinion.

The company will be increasing the value of the leads with seismic interpretation, something we may be overlooking ,it certainly will attract a possible farm-out deal.

Seismic may be the best use of dwindling capital.

Over 2000 sq kilometres of land? it is a mammoth task to hold on to---- BPMigas(spelling)?are obviously happy enough with us--- we hope.

In the USA petroleum licences can be revoked if a well is not drilled by a certain date ,this is where small juniors are forced to farm-out a portion of their holdings.

I am still hopefull of a good outcome.

Live in hope----Cham