R15, I have questions also but no matter how much info is in the...

R15, I have questions also but no matter how much info is in the quarterly I am sure I will have more questions, that is inevitable but also part of the challenge in selecting a speculative investment. Personally I don't expect my questions to be answered nor on balance are they critical to my decisions as my view on any company is largely based on the quarterly cashflow statements which in our case I believe are predictable.

In my view in these times and due to some of the issues we have had I think mgt are wise to be keeping a very low profile, conserve cash and take their time to protect our long term interests. Drilling introduces risk and the current times are about capital management and planning. Although our cash is building it is not yet a large enough number to be complacent.

I am pleased you may be challenging my views, that is healthy and it is your money you have in play. I am not offended if you or anyone disagree, all opinions are valid and discussion enables us to form a balanced view and challenge our own views.

Please remember I make my stuff up based on what I read in the coy announcements and my experience and research.

I am comfortable that I will not loose money and everyday I challenge that view. I am not confident about the market and many very good companies are currently facing the same challenges. It is a good time for every forum to acknowledge broader market issues and at least consider mgts may be doing their best to get through this downcycle, the writing was on the wall years ago and some have done a better job than others, O&G especially.

That'l do, take care and always consider:

Best Case
Worst Case
Most Likely case

We can hope for best case but if we plan for worst case and get the likely case it's not so bad imo.

Cheers