Has good technology and ability to assess oil fields. A year of strong drilling ahead with a positive outcome for the F4 well announced yesterday. Strong management with good ownership. 15-8-20 Still happy with this company and think they are well positioned to recover fro mthe oil supply disruptions. Have recently positioned their SM58 rig which will enable their oil production to increase. This along with their low production costs and the good hedges they have in place all give confidence to the future for bye. I am sticking with 60c valuation over the next 1-2 years as the oil price recovers 23-9 Disapointing drill results with the G2 well was non-commercial, a lot of expectation was bult into the price as management were very confident that this was a winner. Have sold out of this for the time being and will look at it again when it is <15c as there is a cashflow risk here if they want to continue their drilling program.