a RE RATING overdue, but obviously will need some news &...

a RE RATING overdue, but obviously will need some news & outcomes to invoke that re rate

The above is probably the statement of the year.

I think we need some positive outcomes to level out this grinding stock price. The true believers if they are still confident are also waiting for lower prices. Liquidity virtually dried up.

The recent oil conference in Sydney that Doyle presented at and I hope he didn't have any other management with him has not been of any value to us.

Peter Strachan an experienced and recognised analyst of gas and oil speccies with his own newsletter 'StockAnalysis' who was presenting as was Doyle on the day makes reference to this conference in one of his free newsletter samples dated 12 March on his website. All I will say is that his opinion certainly does not give me any real confidence in OBL. Although there is no specific reference to OBL I just think it's reasonable to bundle OBL into the group he is referring to. I hope Doyle did not take 3 or 4 other executives to this conference and just himself as this would be the redeeming factor. Strachan has done no piece on OBL after sitting with Doyle but has a spec buy on Buru.

For any punters that are interested, read the article on Strachan's website under samples 12 March. It's worth a laugh !
And you know what.....I need a drink after reading that too ! !