drilling of totem exploration well, page-2

I believe that Totem will spud in July.

The reason for the share price increase is possible take over action.

Tap is the cheapest, most cashed up, oil producing company on the Australian stock market.

I initially thought that Singapore Pet were to do T/O, but following an early post which mention Santos as a potential player, I think that the rational for Santos stands out.

Buy some and look forward to an offer some way north of 2.10 per share


Needless to say I have a big in the money shareholding and not planning to sell until ".10 or above!!!!

The most under rated oil stock in Oz.