re: Ann: Letter to Shareholders - Update on L... It always...

re: Ann: Letter to Shareholders - Update on L... It always scares me when they use open and interpretable terms:

If he said at 40TJ in the first year (2015) would result in more than $60Million, then I would be 100% behind the fact that the gas price is being sold at $8.06/GJ or thereabouts.

But as it is index linked in 2016, what is the assumption they have made on the oil price for that year. I mean if they assume it is going to go up by 20%, then you need to discount that $8.06 accordingly, which is ok at $6.45/GJ.

Its just the language always makes me shiver...

I guess the GSA being confidential really scares me also into the feeling that it was WCL who wanted it confidential, so they dont have to disclose a lower than normal market price... and hope for good oil link changes and good results from drilling.

As usual, I would always say, do your own numbers and research, but without the numbers, you are still shooting in the dark (both with revenue and production).

As an aside, I always appreciate the helpful and constructive words on this thread. Never seems to get to name calling like I see on some other stocks.

:)