Ann: Sugarloaf Operations Update , page-24

since sept when adi was .06 the ground hog days tended to ease of somewhat, the jvp got a partner in hilcorp - one of the largest privately owner oil companies in the usa,, and very quickly the share began to treble to the region its now..

there is no rush in the spending of millions in the oil game, you do it as well as you can, and try to minimise possibilities of complications throughout..

with hilcorp now drilling their first well on the adi ami acreages, and we saw mir talking of a second one soon on the thread recently, imho its offering plenty of upside to the share with frac operations underway also..

but i have to agree the lack of interest in the jvp across the board, it is somewhat of a surprise to me..

obviously there is still only belief in the eagleford in one share on the asx.. azz


obviously there is only the belief in chalks in one share on the asx.. bcc

the investors here dont believe the likes of conoco, whom are drilling and exploring in the same play, create any validity to the likelihood of any success

hardly any upside given to adi so far, and that means there will be little danger of a downside.. hardly 10% value given to adi of success..

good luck to all holders, looks like the hottest play in the usa is totally disbelieved still..