waiting on news from sea on many items, page-3

Its now broken .77 which was a short term resistance & the closing price of 24/08 (annoucement day re sale of South Antelope)

Looking at the weekly chart this is appearing to form a classic double bottom (low price 7 months apart) & with a neckline of .81. This chart has been forming over a period of more than 12 months. A break of .81 on large volume should validate this pattern.

We may even see this resistance break before the finalisation of the sale and I would then put the next target at .88. Overall if this breaks thru .81 and that proves to be support, the chart based pattern target will be around 1.18/1.22.

What could drive it there:-

1) confirmed sale of South Antelope
2) Positive results from the two Mississipian wells.

PS, there maybe someone who can put up the chart :)

Good luck to all holders ::))