mirage an oil well, page-5

This post has had a better second life than Lazarus.

Let's also hope some life is coming back into RPM. I realise that this Company now has a positive cash flow and there is certainly some action coming in the Cooper Basin.

A seismic survey has been delayed once again and is now scheduled for September. Drilling is being discussed in December but with VPE involved, who knows.

What puzzles me is how the directors of RPM can sit on their butts for some 12 months inactivity in an oil boom and find nothing they can do.

Furthermore, they still have the cheek to charge admin costs and directors fees for about 2 days useful work in the last year.

I'm sure they have a future but it's more by accident than good management.