todays trade totalled $73.50, page-23

Cujo - Month to month analysis is irrelevant but even if we do entertain this path for a second, I fail to see how you arrive at a negative conclusion? February average production was 434, March 543, April 630 & May 560 – Solid progress for the year I think.

Quarter to quarter is where any given progress should be based upon at a bare minimum imo.

The past year clearly illustrates steady progress to me…

Jun 12 – 205 BOE / Gross Revenue (ish) $1M
Sept 12 – 291 BOE / “ “ $1.3M
Dec 12 - 472 BOE/ “ “ $2.2M
Mar 12 - 471 BOE/ “ “ $2.7M

At the same time we have witnessed:

• Significant increase in 1-3p reserves
• TSX listing
• Ptolemy increase their shareholding
• Strengthening USD $

Whil let's not forget they are aiming to finalise a loan facility by the end of this current quarter = > > Ramped up production & increased acreage. Lovely jubbly :) Highly important milestone.

Personally, I find the progress to date to have been excellent. Management are always held directly responsible for the direction of the share price but there is only so much they can. The context of the wider market is a far more important factor at times.

I will be gladly topping up at these levels.