I agree. I'm not a TA person and am hopeless in chart reading...

I agree. I'm not a TA person and am hopeless in chart reading anyway, but today feels like it is a turning point day. As we approach the first Friday trading day of August we know that serious news flow starts this month, and we know FOMO has an effect. Brent prices also bounced favourably overnight. Also, IMO, there is enough confusion as to what news flow will start and when, that it will only heighten the latent FOMO. This FOMO is not just from the ST/DT crowd, but also from LT'ers who have temporarily diverted capital elsewhere. IMO we are increasingly closer to the time when LT positions need to be set.

The possible news flow over coming weeks/months is quite tantalizing:

• 2.5D interpretations leading to final 2H landing horizon and drilling direction decisions;
• 2D seismic interpretations on potential conventional traps within the Brookian sequence;
• 2D seismic interpretations on extent of sweetspot and thickness of HRZ across the surveyed acreage;
• permitting progress and completion;
• tender process and selection of vendors for drilling and for completion/flow-testing;
• AFE for 2H and finalised funding/partnering for this; and
• targeted 2H spud date and drilling/completion timetable.

All, my speculation. Please DYOR and GLTA.