Good points, h_rattle. Having followed the discussions on this board for over two years, I daresay most would agree with what you have written.

1. I am putting a lot of stock in that "yet". Yes, there was a scattershot approach. Yes, they are more focussed now. Yes, their strategy has not added shareholder value - yet.

2. Absolutely terrible news flow. I think management heard us on this and, at least they tell us, will be providing a better news flow going forward. So far (recently) they have.

3. The flow through PP certainly caused a lot of anguish on this board. I suppose its value will only be shown if the exploration money raised and spent results in something that increases shareholder value. We'll know this within the next few quarters.

As to Hercules and the rest of the B-G area, for sure that is what brought me to Kodiak. If this area play does not pan out, then we have failed and I, for one, will have to move on.