dominant position nice story , page-4

cuju..the article is great..opens awareness. The price rise is more than likely related to Ungani 3 expected to spud this week.

"Ungani 3
The Crusader 405 rig move from the southwest of Western Australia to the Ungani 3 site is complete and rig up is expected to be completed shortly.

On current projections it is anticipated that the well will be spudded in the first week of January 2014."

You would also think that Seismic results are being prepared for release too. Ungani 1 is probably also very close to being brought online.

It's all very positive atm. The best part of the article was the following.

"This year could also see a further farm-out deal with a new partner, following last year’s surprise deal with Apache, although Wulff wants to make further progress on understanding exactly what Buru has before taking that step.

Test the Laurel..confirm it's commercial..then make the majors pay for it. They wont just give it away. I have seen this occur all too often and it's good to see management doing their utmost to maximise the dollar value of what we are sitting on.