I think you could do well out of this with a momentum trade,...

I think you could do well out of this with a momentum trade, Bragham.
Especially if the next announcement is above 1,000 bopd, and we have an early February spud date for Rex 4. Plenty of shares at 1.3 and 1.4 cents, it could even race up to 2.5 cents as the potential is rather large, and bugger all downside. I don’t think it will take much churn to reach 2 cents, probably do it in the first four hours after the announcement.

Monday announcement 50% chance, Tuesday announcement 90% chance.

All my own opinion of course, and certainly not professional investment advice.

BUT there probably is no better minnow on the ASX then WBE. Actually becoming a rather hefty minnow already. A $36 M market capitalisation and making money and a substantial oil pool to draw from and soon to belonga us 100%.

Saltbus