Word on the street in Perth is the seismic reprocessing has gone well and there are overseas parties looking at various OBL assets.
Cyrano is a money in the bank - as said before, how many junior companies have proved up any oil to this level.
Meanwhile both the Backreef and 5/07-8EP plays could be company makers. The former has proven oil shows and the latter has coal right across it such that CSG at least must be a future reality. I see no reason for $3 not being achieved eventually if either came in.
OBL Price at posting:
3.0¢ Sentiment: None Disclosure: Not Held
