Not just academics either now John435...I am with you, I didn't...

  1. 13,368 Posts.
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    Not just academics either now John435...

    I am with you, I didn't buy this for a few pips. I have a very large holding now after doing over 6mths research and well in the money. But no intention of letting this go just yet.

    After all we have found and highlighted, and my discussion with others in Indonesia I am now firmly convinced this has more potential than even my old favourite NWE in the North Perth Basin.

    Ranua's upside is massive, as you rightly state we know for certain now there is gas, just a matter of how much. If the hit oil as well then nobody would be unhappy I am sure. I think QPN have given enough hints of what may be coming. Now planning on early drilling and 2D seismic simutaneously as per the announcement, and also the recent success of Pertamina only 50kms away.

    With NWE now at an sp of .07 and mkt cap of $62m and with a lot of upside to come, and QPN at .009 and $16m mkt cap. It doesn't take too much though to work out what could happen here.

    All of this early activity is a pleasant surprise. Maybe others agree and are getting set accordingly.

    I am learning to really love gas...

 
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