selling interest in ac/p33 & ac/p35, page-12

It would be nice to get another update from the boys at Stewie. The length between updates is far from brilliant.

An announcement was expected last week.

My gut feeling is that things are not good looking here.

If we get no buyer and a cap raise is attempted, this time around it is going to be very dilutionary and at a significant discount given Stewwie's debt.

My reasoning for the likely large discount is sentiment based. Oil is at nearly US$80bbl, DOW > 10,000 and our market pushing toward 5000. Conditions much better for selling an oil project.

If the potential buyer walks away here under these conditions it infers to me that the economics of Oliver all of a sudden do not appear all that great at all.

Anyone else got any thoughts or opinions on what they feel is the best use of our capital that Tino and the lads are working on our behalf?

As always DYOR,

Peggs