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Message: Deals not results will determine our fate.

Deals not results will determine our fate.

posted on Nov 10, 2008 06:52AM

I attended the last annual meeting and it was then that we were all feeling the frustration of waiting for more news. Brian told us then, that they knew what the market needed was a more complete picture of the holdings and not just Hole X had Y.

Since then, the August 1st last release really did not answer the question of "HOW MUCH". I think this release was put out to ensure there was at least some news coming out as they continue to plow thru the immense amount of data, and work with the signed Majors to determine a deal.

I am hopeful, than an upcoming release (possibly not the next) but before year end, will be to the effect of:
"We have sold X amount of land to Company Y for Z dollars."

This will then translate into a "REAL" increase in shareprice, and not depend on the markets ability to infer growth based on g/t on a whole new set of holes.

JMHO

Cheers.

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