quarterly expectations, page-8

R15 and all, I forgot about Abita and agree if that has stable production it would be positive. It is my belief the smart coy's are not drilling atm, they are conserving their cash and looking over cheap assets. Those drilling are getting desperate, some are overvalued on actual results and that will stick out this week when all the quarterly's come out. News for them is needed to distract the punters and poor results/further delays for the peers could see some heartache in June quarter.

Imo we can sit back, take our time and get things right. Current SP is backed by producing assets and cash. Louise is low risk for drilling but does increase other risk as it is right next to Desiree & the production facilities therefore introduces some risk not encountered before in our previous drills.

Meanwhile the cash builds, permit in hands of approvers so could take a bit longer, opportunities abound and hopefully any new projects are carefully chosen so as not to detract from an excellent June 2014 result.

PS. I have a new laptop with Windows8 so may be distracted as I learn how to log on let alone do anything useful!! Yikes!! Also daughter back from Italy and didn't need extra so got some 0.01 back Friday.

Enjoy the rest of the weekend and drive safely
Best Wishes