couldnt wait to dump it on the bell., page-2

Personally i think the dumping on the close was probably one or two daytraders who jumped on during the run in the middle of the day.

I am happy with a doji star candle today, it often signals a reversal and todays announcement did clarify where the company is, in relation to several of their projects.

Smegsy is most promising and Yellowbank is a definate goer. This stock is miles in front of heaps of other oilers that are still only in the exploration stage. EPE has only been listed since May and already has Yellowbank and Smegsy set for production. Yellowbank alone is expected to be worth $50 million Australian and yet the stock only has a market cap of $13 million.

Once in production and with further drilling scheduled for next year this stock has the capacity to triple quite easily, especially given that there is still hope for the 20 million barrels located in ATP549 (Nulla).