Substantially Undervalued, O&G Situation in play, page-34

Hi sterge,

Yes it's looking like it could be a very good story, let's cross our fingers for the testing to show the oil/gas find at Polk is commercial.

Let's keep those fingers crossed for a commercial find at Tyler as well. I'm topping up my PANR holding tonight hopefully.

Yeah I think Matt747 may still be in iron ore judging by his FMG/SDL comments. Very tough sector to be holding in at the moment.

O&G isn't a great sector at the minute either, but as I tried to tell Matt747 above, it'll still be very rewarding for those companies at the discovery point of the resource life cycle which hopefully PANR/AXT are moving towards.

Cheers!