10-12 cents by fraccing time, page-6

TBE I cant see it. We saw the SP get to 6 last year during drilling at Arrowsmith last year and at that stage fraccing was due a couple of months in advance (in September) before the delay was announced.

We know the drilling results now and they are positive, but we've also added 15% extra stock to the register, some of which will still be held by Paterson's (we saw 60M+ traded on Monday, although 100M+ was issued late last year).

I can see 8c, on the assumption that positive seismic results helps us break the next technical resistance at 6c (8c being the next technical resistance after 6c), but thats the topside expectation for me until we get frac results and then we could/should see > 10c.

Maybe I'm conservative, but I'm always happier to be surprised to the upside rather than the downside. Thats the way I look at it anyway.

Cheers, Sharks.