news release, page-20

What a brilliant announcement!

I think all holders must be very pleased with that one.

No surprise to see the share price increase after the announcement, and no big surprise to see it fall back to below what it was immediately before it (which is still higher than even before today). Buy on speculation, sell the fact. The fact turned out to be good, so many will sell, but I dare say the fact is better than most expected, so once the dust settles we should be sitting higher than we are now.

After such a massive run it's difficult for any company to push higher, so many people are sitting on a profit and itching to sell. Every single holder who has been around for more than the last 2-3 hours is sitting on a profit, many of them multibagger profits. I think that could mean a few days or weeks of slower movement, but that's fine, I'm not in a hurry to sell in the next few weeks or months :)

If we do end up with the largest 1P oil reserves on the ASX that in itself will probably give us some boost, but I think we're already well and truly on the radar anyway. Hitting the ASX 300 and 200 will be a massive boost IMHO, assuming we do get there.

Congratulations to all MAD holders! :D