The Gobi 1 drill is not until the 4th qrt. Apart from that I really can't see much on the horizon. Maybe a renewed interest in WL now this is out of the way. I've been on the google machine last few weeks looking for producing assets for sale in Australia. Seems quite a few but to be honest didn't find any too appealing with the limited cash they have available for this sort of big deal. I'm dissappointed we haven't seen much more volume today even to see it punished as it may of cleared the books a bit. I really think they have done their dash in the pines and apart from Galoc nth exploration there should be curtailed. Before years end there could be oil at Gurita, FID for WL and hopefully some more psc's secured elsewhere.But no new oil at Gurita and the sp will be here abouts regardless. After Phase 2 was completed successfully I made the big big mistake thinking that production would underpin a decent sp and downside of any duster would be limited. If you'd told me 6 mnths ago that in July 2014 we would see a low of 2.5 I would of called you mad. All IMO only of course.
NDO Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
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