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Wife and I went to the AGM last week for MEC Resources. CEO, CFO and five shareholders around a small table. It was real cosy, all 7 of us in the one room. Bit surreal having the authority as a shareholder to start quizzing your ex-boss about stuff. He took it well. Big tip - money...

Gools, that wasn't the major reason why we jumped onboard, but it certainly didn't hinder our decision. Nice to have a free 100% win, rather than have a win and share the spoils with the ATO. In terms of revenue down the track, this company is a speck on the butt of a fly when it comes to...

Yeah, it's 100% true. You can tell cos a Labor politician is behind it.

willair....you seem to say that every time an announcement is made. I'm at a loss as to what you mean by it ?? ------ If you are living in Sydney / Newcastle, don't expect the Ocean Patriot to be sailing past until about Nov / Dec. That's when the fireworks will really start.

Currently sitting at 75c. Up 11.5c, or 18% for the day. The chief's holding just went up by 3.1m.....not bad for a day.

Please note - as stated previously, this is dodgier than the game I normally play, so please stay out. You'll get burnt big time. Wise people should not be attempting this at home without a safety net.

Just finished lunch with the head duck. Buckle up folks. He makes over 270K for every cent rise, what a wicket to be on.

I also thought Shell still had their big tank farm in there somewhere right on the harbour edge.

He's a bit late to moaning about that....there are plenty of wells in and around Sydney. I did extensive research in February on two offset wells, one drilled in the 50's by some p1ss@nt little company, and then another drilled by Shell in the mid 60's. A little more closer to home, I was...

Unfortunately we have no choice - nature deposits it where it wants and the drilling must go where it is. No point drilling somewhere cos it's out of view and won't upset anyone....but there is nothing there ?? I understand fully that most people aren't that desparate for cheap energy...

Why ??...........

Oh no - cut me to the quick - I'm gutted !!!! Quick - run for the hills...sell, sell, sell. Bought in at 30c. It's above 30c. I'm not whinging. If it drops below 30c, you still won't hear me whinging. I've got far too many ants / dogs / horses and elephants behind me in my army...

20% jump - zippety doo dah. That's gotta be better than working. Hey otter - send us a PM.

I suppose we can only wait and see PnB what will happen. People get all hot and bothered about enviro issues, just so long as when they have finished jumping up and down like a pork chop they can drive back to a warm and bright home. When they have to walk back, and it's cold and dark...

If that's the case then something really weird is going to have to occur. The Govt granted the licences way back when. They've been on the company's case for years now to drill it, as part of their exploration commitments on the licence. If they now bar the company from drilling, that...

Green island in an ocean of red.

She's more than a risk Grossy. It's full on suicide. You are guaranteed to get burnt if you place any money on the merry-go-round. You'd be crazy to give the wheel a twirl. If you like money - definitely do not invest in this dodgy investment. Can I make it any plainer ?? :D

1. The wellhead, plus the 30", 20", casing strings arrived in Newcastle yesterday. Anyone from Newcastle here ?? 2. The survey boat is out on the water right now taking detailed location data. That is also being supported out of Newcastle. 3. The choppers and support vessels for the...

Only the quality stocks are able to handle the buffetting headwinds. :D Did you get any Thommo ??

....Which is great.... Sure beats the hell outta going into the office and working. Hmmm, which way will it go ?? Dunno, the Lease has been worked up by 3 separate companies over the past 15 years and now a company is in the final throes of signing a rig contract to finally drill an...