Not sure support or resistance lines maintain much relevance if...

Not sure support or resistance lines maintain much relevance if an SP gaps up above them (or down below them) on release of fundamental,game changing news. Maybe only the old support/resistance lines closest to the new SP range, like $1.22 and $2.73.

If Asgard/Valhalla flow rates start to drop off like an old codger with a dodgy prostate and the whole Oil exploration program before the Wet turns up nothing but caves full of Perrier and the oil price can't break $50 then SP could even get worse than Hoots suggests. I had a Recognia alert with an 18c warning based on T/A patterns its software detected. I wouldn't rule it out at all. I'm only committed with funds I know I can afford to stay committed for at least 12m for the next drilling season and when I am as certain as I can be that the Saudis will get the oil price up into $70s before they bankrupt themselves (might get there early if ISIS had anything to do with that Russian plane and the Russians go nuts in M.East)
However on any discovery, the SP is simply going to directly reflect the value, T/A or no T/A. An addition of 30c is only another $100m or so MC. You get a Au$50m (BRU's 37.5%) oil discovery, it will add 15c, you get a $500m to BRU discovery, it adds $1.50, you find $2.5b to BRU, think $7.50 gap.