Ann: JW Powell Well Flows Oil and Gas in Colorado, page-32

Another 50m shares traded so far today, which is over 4% of Shares in issue, which is technically showing very strong buyer support.

Over the last 10 days over 200m shares changed hand. That's 16% of the shares. This reflects just what a game changer Powell actually is. SP has increased over 100% and market cap is now A$20m

Although IP is not very reliable a gauge to extrapolate, as an indication production of 220 BOOPD produces annual revenue of US$4,000,000, if it remains at that level. Peak oil production could well be higher, as everything settles. That is a significant increase on the half year revenue of $613k.

I suspect that makes us cash flow positive.

Still plenty of buyer support out there.

Wazz