34c short term target, page-5

LOL!
That's exactly what I thought alex. Perhaps if they paid the analyst better he would have discovered that small matter ;)

Cap raising probably on its way, imo. I think it would be smart to recapitalise the company to explore the Mary borough basin. Perhaps even they should be considering re negotiating the farm in if they are going to be going deeper and coring shales... As that's very different to running a 9 well shallow csg coring operation!

Blue are lucky with this one as they hold a very dominatant position over a basin with likely good marine (low clay) shales that will respond well to treatments. I am not sure how this wecould ber received inn the area, or wether the qld govt will be able too distinguish between Csg frac and a shale one.

I have been trying to dig up the old logs from the gregory wells. Anybody able to offer any help there?

SF