.. jingemia11, page-11

I like your chart Winter, it appears around $1.44 would confirm the end of the downward trend. It's interesting looking back over the last 10 days that Arc was the only oil co in it's class apart from AWE to finish higher, ROC, BPT, TAP etc were all down, despite the POO firming.

I agree with you SP, a high proportion of development wells should come in however what they are achieving is exceptional. Your comments re the Canning are illuminating. They pulled out of the basin but then rushed back with a vengeance and now there is talk of a Northern gas pipeline extension. Something drastic has happened and I reckon they took new techniques that allowed them to so successfully revive the Perth Basin and applied it to the Canning and they saw it in a whole new light.

I reckon they are extremely confident of the prospects up there and as they are doing in the Perth basin they will go after the easy targets they can quickly turn into cash first. The beauty is that they are very large targets.