Value Microcaps Junior Energy

[farwest]

POE - can't believe a word of what they say. Missed guidance by a country mile two years running. With volcanic reservoirs, no one should have the slightest confidence about production. And Indo is 18 months later than they originally said - they said they'd be drilling in late '09 - but they "forgot" to mention they still needed to shoot seismic...

Simply disgusted despite the near term Indo drilling. The fiscal terms in Indo are vastly inferior to their Thailand production - need some big oil discoveries (gas isn't worth much these days) to make it worthwhile. As such, decided to move on - don't need the aggravation...