oiler is just about to take off, page-18

re: anyone watching this::::::::::: CBA and perputaul partners both bought big stakes about 1 month ago around 20-21c...i think roughly 10 mill shares each...CBA has just picked up another 2 mill at same prices recently.
The co raised 5.5 mill a while back plus will get a few mill from the excercise of the options.
The chairmans report around the end of JUne gives a breakdown of what each well is estimated to be worth...one of the wells is expected to be worth around $1.80.
If all the wells come off,and this is where speculation comes in then the total of all the wells adds up to a share price of $7...check these figures with the company report.
Nexus has a webiste with a few brokers reports on it...thye say they think NXS will be a top 200 co shortly.

With the rising price of oil and one of the best drilling programs over the next year NXS will start going onto a lot more peoples radars.
I expect a flurry of buying closer to the initial drilling and then even more as people wake up to the next holes to be drilled...the risk reward for this stock is massive in my opinion but I ask you to do your own homework.

All the best

The old sparky