I cannot understand how anybody honestly thinks that farm-in...

I cannot understand how anybody honestly thinks that farm-in partners are waiting in the wings. The potential prospectivity has not been proven to be worth anything at this stage. Comprehensive flow tests at sustained or improving rates over an extended period of time is required.

Partners or strategic investors will only be interested if OBL's potential resources are proven up. Management have not the funds for a proper flow testing program. It costs millions. As far as management cutting their salaries or taking shares in lieu........dream on. Management salaries are the top priority. And why wouldn't they be this is their mode of living.

I don't know what planet newregime is living on. Can any punter on this forum identify one, just one event that NR has been spruiking that has actually happened ?

I don't know how this management team could ever redeem themselves. They have let it all go down the hill much too far. Salaries are the cornerstone of their personal success. As far as analysts doing a report on OBL. Peter Strachan of StockAnalysis is the most respected analyst of gas and oil speccies. Have a look at his newsletter. There's a couple of samples on the website for perusal. I was told he was actually sitting at the same table or nearby Neil Doyle at a presentation last year. If Strachan believed OBL might be worth something don't you think he might get around to doing a piece on OBL. Strachan is no fool. He is not going to risk his reputation or adversely affect his newsletter subscriptions by saying anything about OBL.






























Management cutting salaries.........laughable. This company is all about management salaries
Taking shares in lieu of salary.......laughable. The shares are worthless with more downside now looking imminent.

A miracle is required !