I honestly think that is the only logical conclusion. Does this mean that there may be more interesting news to come?
It is hard to tell. It is just after the wet and things start to happen in that area from now onward. Currans Well is another interesting prospect and they hope to have drilling data from there pretty soon.
This recent ann should have sent shares skyward. The options look beautiful. I have picked up some of each and believe that a reasonable return is one the cards.
ELL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held