Ann: June Qtr Activities and Cash Flow Reports, page-7

Pretty comforting report. At least we know they are like a dog with a bone and won't be letting it go!... Agree with Del, They will have to carry Dennis out in a box if it fell over........
I won't throw any numbers out there except to say you would think the future will be $1 plus medium term.....It just depends on so many variables. If all the planets aligned and everything went to plan on the best case scenario, then that figure would be blitzed.....But this is O&G which anything can happen ! We need to also consider that a lot of holders have done a runner not wanting to hang around, and I guess after 3-5 years for some, you can understand, so it will take a couple of good news ann’s for people to have the confidence to come back in.
It will still take some time for all this to blossom, but I would like to think by Xmas this year, we would have a couple of drills in the ground in Cebu pumping out the oil, as well as France kicking off…..(2 years waiting for the go-ahead from the French Gov is BS….)

GLA…..