1 down 2 to go

Hi all.

Thats the 1st bit of news I was expecting.

2 more to go.

1.Rig contracted to start the Timor drilling.

2.Indonesia sorted out and the wells brought online.

Todays news removes any concern's one may have had that OEX will go belly up. Thats not going to happen. IMO the SP is heading back to 50c just on this news alone.

If the next 2 come in then we may see $1 before the year ends.

If we manage to get lucky and hit a good well in Timor then who knows.