what a wash out, page-54

Mastroo and others I apologize for the negativity.

I have let my personal situation also impact on the frustrations I have with my sentiments and posts on this company. If things were better I guess I couldn't care less what this company did. I just feel a sense of being "cheated".

I don't think there is one person here who wants this stock to succeed. I just don't believe anymore anything we post here makes a difference at all and that anything we are told here holds any value. Even the most respected posters here such as Cham, Bukka, Motboy are in the dark and only have speculation to work with.

I just use the comments here from others combined with logic to draw outcomes from the information that has been Announced by the company over the past 18+ months.

Just to draw a few examples from purely within this thread:


23.10.2013

betrade wrote:

The land that we just bought to buy Prabha 1 may be worthless, they are now looking North west to drill, and it is unclear whether the new potential drill site is within the block we bought. Unlikely considering the distance.

Possibly a lot of wasted time and money on land that has no commercial value

kmuirhead wrote:

" "Would an oil company drill
for oil/gas based on gravity data without doing seismic?"
His answer was instantaneous and to the point "Not unless
they wanted to waste their money they wouldn't. They all
do 3D these days" "

cham wrote:

"The company will be increasing the value of the leads with seismic interpretation, something we may be overlooking ,it certainly will attract a possible farm-out deal.

Seismic may be the best use of dwindling capital."

24.10.2013

Sentia wrote;

"(In other words they have spent time and money reprocessing old data and have got to the point where they really need to run the most modern 3D seismic to get a really good idea of what is there. Hmmm! Why didn't they do that in the first place and save that time and money on old data.)

Oh I must be getting cynical. Back to dreaming about fairies and mystical creatures."


25.10.2013

Motboy wrote:

"Alas the AGM is half the world away from me however I will be sending questions, that I'll post on HC, directed at Anthony. Hopefully this will help generate some robust discussion and for those who can attend I would appreciate it if you could provide some commentary."

29.11.2013

Lucky7Country wrote:

"Sesmic ???

News must be close
"

10.12.2013

gosh and BeachDingo wrote and pictured "Facepalm"


We are all going along blindly here interpolating snippets of information and thinking of the outcome which should happen considering everything we have been fed for so long.

I don't want to believe we are being taken for a ride. More so I want to have faith that the management are doing everything in the correct order, streamlining the process and still wanting this company to be mid tier.

I am sick of looking at the maths of it, the cash burn rate, the political scenario over there at the moment and the change of direction. Logically again it makes sense the directors/owners all want the performance shares activated and the stock to rise to 20c so they all can retire with a smile.

I guess if just some of the direction was explained, coinciding with information about the change in direction everyone here would find a small amount of peace.

Merry Christmas to all and Hope for a gaseous and oily new year.

Will hold for the positive and remain silent till then.