Ash CreekNo I think they want to get it ready to self fund it...

Ash Creek

No I think they want to get it ready to self fund it once they have revenue. In order to do this they have to finish the flood study, which needs to be funded.

Niobrara

Who cares what the industry might or might not think formt h information Ive seen its worth drilling to see.

Hereford

Agree

Pipeline

Straight forward

Exploration

Can only judge it on its merits when the time comes

We have no idea re project allocations, the pipeline costs expected, the Ash Creek stuff to me make sense we could kick off the Chem Flood in 2012-13, nobody really knows about Niobrara until the wells drilled and we cant possibly judge the high risk/ reward project until we see it.

This is still a 3 year hold and top up on the lows, its still likely to go sub 13-15c during GFC2 and I like this management team. IMO you cant really judge this team on results prior to their arrival and results post