re: Ann: ZSP: SandP Indices Announces Septemb... raeban,
I like your enthusiasm but saying "it upgrades our outlook from speculative to secure" might just be stretching it a little. Being added to the 300 list means a bunch of additional funds can add SSN stock to their portfolios but it doesn't change the risks associated with oil exploration. It might provide additional demand for the stock but it doesn't underpin anything should a couple of dry wells be announced.
If defender / SoA show good results the stock will go up very quickly as this demonstrates a derisking event for the Niobara field. If they are dusters then the stock will drop pending a successful well. Index or no index the risks are just the same.
Personally I have high hopes that at least one of the two above mentioned wells will be commercial. Of coarse I hope that they both are but got to keep expectation reasonable. This is oil exploration in a new field after all.
Sorry, not meaning to put a downer on your enthusiasm and I'm knee deep into this one like so many others. Just need to keep this ASX300 thing in perspective. Its a sign that we are growing and maturing as a company, nothing more.
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