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Southern Man

08/29/12 3:25 AM

#264370 RE: TOB #264366

So, TOB, we have learned Chad drilling maybe in in 27 months, Kenya 1017 at earliest. Nothing new or clarified other than that. I thought Sinoec had to make up their minds back in March! Did anyone get a answer about Sinopec's plans?

Also, Peter near the end of the call says its bad luck or timing is the reason the shelf issuance hurt the s/p so much as it coincided with not so great news from JDZ? OK.. LIKE- HOW IS IT ANY DIFFERENT NOW OR IN THE NEAR FUTURE? ALL BS IMO.

2IRAs

08/30/12 12:52 AM

#264408 RE: TOB #264366

Only had time to listen to the first Q&A so far, but towards the end there was this very telling exchange with Peter where he went into some predictions on coming announcements!

David: Will the company illustrate examples of how the newly authorized shares will be used for acquisitions or strategic alliances? Peter: I will encourage our sharholders to watch out for information leading up to the general meeting. [..encourages shareholders to attend upcoming meeting because...] General meeting we intend to present elaborately on these companies, work programs and what they will entail.

You gots to listen carefully!