re: Ann: Toolebuc Shale Oil and Gas Play Conf... IF and if there...

re: Ann: Toolebuc Shale Oil and Gas Play Conf... IF and if there is the possibility of having 40+billion barrels of oil in place. Lets say 5-10% recovery and sold for 5-10% of the value of the oil price, we have a massive play here and imo this is soo undervalued at the moment. i'll be more than happy and over the moon if we just have 100-300 million of barrels in place. But im only speculating here.

I once had many extract (ext) shares and during the gfc i sold them at an avr price between 85c-$1 a share. I thought ext had massive potential to the upside but due to the share price not moving and extreme pessimism during the gfc, i sold for a $500 profit and watched it move up considerably. It's over $8 now and with a massive uranium resource.

I feel the same way now with exe and hopefully this time i won't sell and see the upside come to fruition. Good luck holders because this is shaping up as an exciting oil/gas play in australia. No broker coverage on exe yet is annoying but extract was similar then too.