re: panic selling
evenly balanced at the moment. sell side very thin so any positive announcement likey to have nice impact on price. price has been holding nicely in the 125-130 band. downside risk really limited to negative move in the overall market.
question for those that track or forcast timing of announcements - any idea when next annoucement likely for drilling program currently in progress? very much looking forward to reading it and seeing the impact on price.
PetroChina export deal from WA (in today's papers) another sign of how REAL the csg story is. IMO once australian CSG story delivering it will be the driver (supporter) of the australian economy for a good part of the next century. It is an amazing resource that is only starting to be understood/ explored.
BOW Price at posting:
$1.28 Sentiment: LT Buy Disclosure: Held
