Hi 6ULDV8, yes gas prices heading higher which can only help the...

Hi 6ULDV8, yes gas prices heading higher which can only help the Nay-sayers on the economics of the shale play.

Tend to agree that if we get another small increase in the flow rate from killa and some pump out of the original well then the mkt cap really just represents the current "bottom line" of the company.

I thnk we could see it back to 9-11 cents (IMO) on a complete faliure of the shale play (seemingly extremely unlikely now) as the mkt is on this because of that play (ie) there would be plenty getting out as a result even if it didnt make sense to sell at negative NTA's etc. Just the way the mkt works i guess (positioning etc).

But as you say it is unlikely this will happen now given the results so far.

A lovely back up notice from the company re: increased KSE 1 flows and installation of pump on the original well (with reasonable flows) and we move back into the price gap between 14 and 17 cents IMO. With the overall domestic mkt looking shakey we would need something like that to get the trend heading the other way I suspect.

Any views on when we might get an update on that ? apparently the rig was removed yesterday - according to last notice - but do you think we are talking a day or two or longer before they give an update on flow rates ?

thanks