Don't get worried about the shareprice movements this close to Christmas . I really hope the reserve statements are held back to January . These are pilot wells to test the viability of Gloucester and it is fair to say at this early stage that it is a very productive area . Now when Lucas and MPO sign a gas sales agreement with a NSW supplier to sell into Newcastle and they set up 40-60 wells producing long life gas at strong NSW prices, then Gloucester will be worth at least the current shareprice on top, imo . Just not today . 2008 .
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held