The share price is being managed. I have watched the share price gyrations with interest over the past week. Just then it was set to close with decent volume at 16c even with the constant selling that’s been allocated on the offer side. It was managed again now.
November and December will be positive months -
Mahalo East progress, where permeability is better than originally expected and lateral well M.E. 2 has intersected the M.E.1 Vertical well. Mahalo North progress, from Enviro standpoint. Mahalo JV investment committee decision in November on FEED design, Upstream FEED in conjunction with FEED pipeline decision from Jemena. Equity and Corporate action discussions ongoing
I’m particularly excited on reserves upgrade from Mahalo East tenement and the fact the Operstor Santos is pushing ahead having done their own internal assurance review and deciding to push to FEED.
We are so close to a material catalyst and the managed close of the share price in my view confirms this.
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