my take on the situation, page-68

As well all know - drilling is a flip of he coin and not in this case a 50/50 bet.

I for one am optimistic given the relative success rate in the North west Shelf.

Who knows if its manipulation,people derisking, people taking profits.

You don't raise A$32million to sell at a loss.

Not even at target deapth - rig pigs won't know til sunday monday.

Risk - reward - all I can say is -yes that horrible averaging down - for the upside.

Good luck all Meo holders - alas time will tell - I have 0 out of 3 on wildcats - although I am learning the art of poker-joking.

Lets face it - its a punt and thats why we are here buying or locking in profits.

If the Aussies get the world cup in 2022 I win and so on.

finch

karratha - where a few O&G punters are holding their nerve.

for those without the cash position - wait til the first announcement and go from there.