high leverage small cap oil gas exploration co, page-10

Just not the sort of management here.....that in anyway try to overly hype up their future prospects. They are as keen however....as any company to see share price appreciation...but always done in a professional - longer term approach.

Due out within the next few days, with half year results.
Generally they give an update on current projects,at this time.

Will be keen to hear comment on JAPEX drill in the Tanon Straight. Spoke to David Munns and I think he was talking to Dept of Energy in the Phillipines.Hard to fully understand or quantify....what commercial succes by JAPEX, would mean hear for the $6.5 million GGX prospects.

Next release should also confirm Canterbury basin on shore drill within a month. Company recently took majority ownership of the block.....shallow easy to drill and cheap prospect. Just a hint of commercial oil at this Kate prospect and we would have something fairly exciting here (coming off such a low market cap).

French application update...or grant must be very close. They applied for it a couple of years ago...so value here lies with the fact oil has nearly doubled in price since the origianl application. Much higher value block now than 2 years ago...so may be able even to leverage off its value now for farm out or even sale.

Finally...I just have an idea that very capapble management here have something new and of value up their sleeve. Just a surprise to the market....nto previously anticipated. Wait and see..