from shaws morning notes, page-6

The wet season has just finished in Cloncurry and EXCO will be fortunate to have a big bag of cash this season. The share price of EXCO over the last 3 years that I have held has always been directly reflected by the amount of drilling and thus measured, indicated and inferred resources defined.

We are about to push one resource out the door and bring in more free cash flow than the company has ever had the luxury of before. Michael and his team are helping us to live the dream. Hazel Creek will be much less of an unknown in three months.

If Michael can get the deal signed and cash delivery date settled followed by the announcement of say 8 rigs drilling this season I would like to think 62 cents will be a distant memory in 6 months even after the dividend is paid.

The runs are on the board now but it does feel like the covers have been pulled over the pitch this week. What is going to happen when the sun comes out!