Over 3 mil traded today and over 3 mil waiting at 0.04 both...

Over 3 mil traded today and over 3 mil waiting at 0.04 both excellent signs awaiting a positive announcement.
It should be obvious from the last announcement in July that the capital expenditure in changing out the valves has indeed boosted production. In addition the renewed strength on the buy side could be an indicator that production at Welch-Bornholdt is on the increase. Remember production was 250 b/day of fluid with only 20% (50b/day) being oil. Both flow rate and % of oil can reasonably be expected to improve markedly.
An oil producer with two wells in production worth a little over a couple of million market cap seems cheap given it costs about $2mil just to list on the ASX. Perhaps it's time for sentiment to change now that expenditure is reduced with the joint venture agreements. Smart moves given the difficulty of cap. raising. Sentiment is changing.