My gut feeling is that the coming announcement will be good based on previous report such as :-
- independent report mentioned that it hit oil column
- knowing that shallow oil play & able used low cost fit for purpose mobile rig
- applied technology to zoom down the best target, possibly 3 targets for rapid production assessment.
- applied technology to come up with 2C resource estimate
added to all the above, recent buying of 3m over shares from the chairman which cost him over $100k is not something to take it likely. For any director to buy so much from the market is an indication of more goodies to come.
The best announcement is to declare a discovery whereby BRU rushing in to claim the 30% but with a gift of cash for OBL.
Just to ponder over the shale gas stories:-
- Nwe courted Barat, SP more than double now
- BRU courted Mitsubishi, SP double if not more
- NSE courted Conocco, SP almost double
- DLS courted BG, SP moving slightly, just the beginning
- OBL still searching, just imagine if it find one?
Hopefully today, just before market open, the quarterly will be out for us to view.
Just my view, DYOR
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