key to present @ excellence in oil & gas event, page-44

On first viewing that was very ho hum. Not very informative at all, left me wondering if a lot was left off the slides so only those in attendance got the finer detail.

Will they release the follow the lead of other presenters and release the audio on Boardroom Radio?

I must say their presentations leave a lot to be desired, especially in their tone! They strike me as quite condescending. And as kalmsg points out the "soon" is still present.

Now that's off my chest now on the crux of the presentation.

What have we got now?

Slide 3: Cash at bank of $3.5m, how much do we need for Lidsey #2Hz? $3.5m

Oil production? 85 bopd? I thought Brockham was supposed to be operating at 120 bopd now?

Italy? 4 off-shore applications moving towards exploration status? Whilst true I think perhaps "crawling" should replace "moving" as these have been "moving" towards exploration status since KEY listed 3 years ago.

Slide 4: Capital raising (ie major share dilution) is still on the cards as the focus for 2010 is increasing reserves through merger & acquisition.

Slide 8: Drilling programme and basic well design agreed? Agreed with who? We are the sole operator. When is drilling planned to commence? Soon presumably.