Hovea 4 was a risk to the share price of Arq-it was 800m north...

Hovea 4 was a risk to the share price of Arq-it was 800m north of Hovea 1 and if the co had misread the oil pool then a retrace would have happened. Howver they found a vg column which may actually prove up some of the 3p oil resrves( if so then Hovea 4 is more than justproving up hovea 1).

So will Yogi be lucky and get a retrace-I do not think so. Eremia is possibly being drilled in january-this is abt 2 km from Hovea and similiar in style and size to Hovea-Once they start drilling a look alike Arq will increase in value as it should.

Then you throw in Cliffhead3,twin lions,mentelle,vindarra and moondah. hard to see it falling much from these levels before the next drilling starts.