wow - between you two I really am confused now.Gal - are we...

wow - between you two I really am confused now.

Gal - are we talking about the same holes? I don't pretend to be even a quarter of an expert but I was talking about EW1 as the one that found commercial gas and probably oil and Ayrford was the duster - I appreciate Rupe's comments that at some stage and at some price almost any hole might become a producer but in the end the announcement for Ayrford says "did not detect a producible gas column" and it has been plugged and abandoned.

EW1 is quite a different read though - I thought that was what Rupe was trying to get us to compare - I was being a little mischievous by over simplifying it but are you both saying Ayrford is also going to be a producer somehow?

I am a simple man but I read cashflow in the EW1 statement and we are about to get a good indication as to how much cashflow is likely to be there. From there they will decide on the next onshore 'cashflow' hole to drop and then we go seeking elephants with Beach. If we find an elephant we get to munch on 25% of it knowing we own 100% of the surrounding game park - and possibly have enough cashflow from the onshore producers to drill it without capital dilution.

Please tell me where I have the story wrong cause I really haven't done enough proper research.