picking strike up under 40cents..bargain, page-12

hi The_Donald

thanks again for your informative postings.

all this activity with oil companys recently, has mean't time-lines have been altered considerably.

we all look forward to the commencement of drilling probably around late november.

having 4 targets in this drill does shorten the odds very nicely & considering it's location things are looking good.

still one must be aware that anything is possible, and note there are still risks involved.

planned drilling over the next few months is also very exciting.

AS USUAL GUYS PLEASE SEEK PROFESSIONAL ADVICE.

regards



Subject re: picking strike up under 40cents..bargain
Posted 11/11/04 10:11:14 PM - 36 reads
Posted by The_Donald
Post #415818 - in reply to msg. #412459 - splitview

SandyBeaches,

i agree with your comments on altostratus. The only way to get momentum is have your biggest asset first up on the plate.

Secondly, The Ensco 56 Jackup Drilling Rig has been drilling on Apache's Stag field. Stag is literally next door to Altostratus, so the mobilisation cost is the least for doign altostratus first as well.

A report from PEX.com.au dates Nov 1 indicated that the Ensco 56 had 1 to 1.5 more weeks left on Apache's Stag field, with the next being Strike's Altostratus.

So simple maths will tell you there shoudl be an announcement some time next week to indicate a rig move over Strike's field.

In the last 2 hrs of trading today i noticed approx 700,000 shares traded with price increase of 3c. We're speculating in our cubicle at work that the momentum of people speculating purely on the drill will kick in over the coming week.

Strike will definitely ramp up over the following weeks, so get in now before you miss the boat.

If your after some speculation with great leverage, you can't beat strike At the moment. There's simply no other junior with this much exposure to one well with these reserve figures for at least the next 2 months.