Bhutos, I agree that with funding based on proven undeveloped resources, this is a definite multi bagger, and the more I think about it, I believe this will move quickly now. I suspect that funders of the last raising were aware of this potential deal, and the same stockbrokers that supported that raising may well be supporting buying on this news.
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The more I re-read it the more excited I get. What we probably need is another couple of good anns over the next 1-3 weeks with a positive result or two in the first two wells (not sure how long the second will take to drill though) and things spelled out a little clearer as to the potential of the area... as well as maybe a funding announcement and we'll be off properly.
I'm actually hoping for a good result on the first well and maybe a surprise on the oppies if it shows this isn't another theoretical future prospect like it might sound like to some and is actually an immediate drilling concern with imminent results because it's easy to miss the couple of exciting lines in 6 pages of background overview. (although it was all good also.- existing and imminent infrastructure, premium to HH, good prospectivity etc etc)
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