asx presentation, page-3

Without doubt 2P is where the value starts to form and I suspect many buyers are sidelined (and frustrated) waiting for some confirmation that these projected reserves do exist. The trouble is if you choose to stay sidelined then you just may miss the best opportunity for maximum leverage should a positive anouncement be forthcoming. I've been caught before by Friday aftermarket anouncements and then joining a very large queue for Monday morning's opening. Just a thought.