ckk...takeover target?, page-28

I think these guys have to go and do some successful drilling before anything nice to the SP can happen. At the moment the drill has not successfully done anything except use up $20M and five years.

It is probable that a successful relocation to the Whicher drill site and a couple of days of fast efficient drilling will start abit of momentum with the SP. But there is more likely to be more teething problems than troublefree drilling.

If the drill lives up to its statistics CKK will be flat out building new rigs and knocking back orders. Just in WA there a host of Shale prospects to be drilled , and the successful productive shales will require virtually continuous drilling.

Interesting time, price and technology right at this moment.

Saltbus