I believe that until we receive some positive drilling results (not necessarily full production), the sp will continue to lag due to lack of confidence and investor fatigue. The best near term hope is Hungary then the initial wells in Beetaloo. Hopefully the granting of permits in SA will help, followed by a farmout agreement without protracted delays. The long 5 year timeframe for the project in Australia is having an impact on the sp. From previous experience investing in development stage oil companies, the sp will rise rapidly once progress is been made on drilling, testing etc with regular updates from the company. This is all about giving confidence to the market and the management must deliver within reasonable timeframes.

Confidence is delivery and communication !