two useless announcements today, page-12

@pe981, to me it is clear that there are a few posters here (Or should I say baseless rampers considering they told us that we are drilling and that we have reached at least 250 metres in depth), which are working in tandem promoting the goodness of this company let alone it's BOD. One of them has even reached the low point of accusing me that I am a non holder which is 100% outside the mark which, although it is totally wrong, what difference does it make if a poster is a holder or not.??

Does a poster need to be a holder of a stock before posting in an open Forum.?? ..............Well, I can't recollect reading anything of the likes since joining Hot Copper many many many years ago. Perhaps a hell of a lot longer than many new posters which might fall within the category of the ones changing nicks more often than not.

Anyway let's move into something more interesting which I have noticed elsewhere which I am heavily invested in.

The following will show you et all what the real difference is between a company which is open and think a lot of it's shareholders by keeping them informed at all times, while IMO the contrary may apply here.

Read below:

Basin Category Wells Successes Success Rate

Cooper / Eromanga

Oil – Exploration 6 Successes 3 Success rate 50%
Oil – Appraisal 13 Successes 11 Success rate 85%
Oil – Development 21 Successes 20 Success rate 95%
Gas – Exploration 10 Successes 7 Success rate 70%
Gas – Appraisal 9 Successes 7 Success rate 78%
Gas – Development 15 Successes 15 Success rate 100%


Otway Gas – Exploration 1 Successes 1 Success rate 100%


Total Wells 75 Successes 64 Success rate 85%


All Exploration Wells 17 Successes 11 Success rate 65%

All Appraisal Wells 22 Successes 18 Success rate 82%

All Development Wells 36 Successes 35 Success rate 97%