loosen up!, page-7

You guys have a long time to wait before wells are completed and going to market.
If you expect an announcment to top the ones you have to date, then you arent being realistic.
If you expect to lose 50% and then gain 100% then lose 90% then gain 150% etc, then you know it will take one or two years to have riudden such an opportunity successfully and made big dollars.

Patience alone from here, not announcments which at best will essentially be breakdown of detailed drilling/logging/completions and info on the already announced large discovery.
Great flow rates from the first well will be the next spike in price, and such details will be the driving tool of the daytraders.
The fortunate of us got in before the latest big discovery, but its not about to repeat itself considering that its the largest discovery of its claibre in Australia for 110yrs or so.
They wont be doubling or tripling this latest Cubic footage estimate in the short term but i beleive they will within 5 - 10 yrs.

S for the short term, just be realisitic and you will NEXT on a make money on the spike.
Or, should you ignore the spike say choose not to sell for tax reasons, you will have another fair wait before being back in the good money.

DYOR just my opinoin

L