Price of Oil - something to seriously think about.
A six pack cost me $18.00 dollars yesterday, up $3.00 from a month ago (i know...its not top shelf).
This stock has a lot of potential IF it can turn up large quantities of the black stuff. I know its speculation but the suggested potential billion barrels in the Sydney Basin is a staggering amount. Includes gas supply to Sydney for the next decade. This project is obviously some way off but worth bearing in mind as a future potential bonanza.
A closer project like Wisteria would be an excellent stepping stone should it prove up (which i belive it has a high chance considering its location).
Anyway time will tell - I have both long and short term trade positions.
oil makes new record high
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