It's folley for anyone to demand that bloggers back up their opinions with archane analyses of project and business activity. Where's the selling pressure coming from? Only an insider could tell you that, and that would be insider trading.
nsh, you said:
"drilling one of the its most prospective targets, if not the most prospective, and completion is expected by the end of the month"
Yeah so? I've heard this before, only to be disappointed with project abandonment. But if you want a sample of the facts, look no further than the press release released by Arc Energy on the 2/4/08:
http://www.arcenergy.com.au/files/asx/ASX%20-%20Dunsborough%202%20Drilling%20Update%202%20April%202008.pdf
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