Hi Ravi,
I understand but go easy. What SNE are stating is not really new but simply re-affirming what is already in the public domain (ie. BPT and LKO's last reports).
Nonetheless, we now have LKO last report and SNE's announcement today all indicating that we might well see the 'hairy nose' launch into action in Q1 next year. This is not long to wait.
Remembering the way the punters and the media jumped on board last time, this could be a bolter in H1 2011.
Won't be too long and some BESBS players will climb on board. Despite the (almost manditory) SSP or CR, this should be OK as the last Wombat action had a placement and the price rose well in excess of 100% from that point.
Add leverege here, proximity to Melbourne, BPT on board and the fact we already know that gas is present - the question is simply the quantitiy - this should run once more news is released.
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