Shareprice potentially at cash backing after Red Earth sale and...

Shareprice potentially at cash backing after Red Earth sale and have indicated they are looking at large scale projects, inparticular WA gas. Provides an excellent springboard for future shareprice growth imo

This from the recent webinar;
- are looking at the bigger opportunities, both in oil and gas
- have been looking at 3/4 projects, combination of onshore and offshore mostly in WA. Low entry point acquisitions.
- are looking at projects with large scale something that the punters like, 10m barrels +, 50 to 100 bcf +
- are also looking at the bigger opportunities in the Sacramento Basin to get the market excited with the bigger upside