lower at opening in london, page-3

If you got the "cheapies" at 7.2c in the last fund raiser then a lot of those would have found their way back at 10c down to {where are we at now? About 7.4c on the AIM at the mo}

The last Ann was hardly inspiring either. The 1 mmscf per day that flowed from 73 should have been stressed more in context. Ie. A VERTICAL well {I know they made mention of the word vertical} v This well with a 6 fracture horizontal. They could have quoted numerous examples in the US shale play where vertical wells that flowed 50 barrels a day in fields are producing 300-1000 bopd once they have been fractured and stimulated. We kept getting comparisons of the Gujarat Field with that of the Eagle Ford Shale in the US, so why not stress this. Otherwise, I see no reason why the mention of 73 itself should have been aired.

Also i suppose a 7-10 week wait till results are in. That is an eternity in today's market.

"Similar" hydrocarbon bearing reservoir to 76H NOT "better or worse" but similar is hardly inspiring. We are encouraged by the amount of hydrocarbon bearing reservoir penetrated as well as its "apparent" quality from the logs, hardly inspiring either. Maybe it is just too early to tell at this stage {I would have preferred "strong show of hydrocarbons or similar}. The frac of course will reveal all.

Looking for support at 7.2c, if it falls below 7 then there is something seriously amiss IMHO.

GLTAH