Well, the news pipeline is possibly getting loaded, I am not...

Well, the news pipeline is possibly getting loaded, I am not sure it alligns well with the raising, but there may be scope for results to come through from the 4-well spot in time to boost sentiment.

All going well, it could be a bumper Q1/11.

There is of course a plethora of other activity going on in the sector which will also drive sentiment.

I think there is a substantial amount of information out there on what their target drilling is, but I would be reticent myself to actually see a schedule - for fear of continual disappointment.

If the price peels back to near the raising price, I dont see how the $15k is a raw deal for large holders - you can of course buy on market.

Just had another look at the possible gas supply arrangements they are looking at. Very substantial things in there to chew. Even if you just have a scratch at a $4/GJ price supplying 60PJpa commencing 2013; thats revenue of $240m pa over a long long time. If you scratch in a P/E of 5 to 10, that comes out at a market cap of $1.2-2.4B, or share prices in the $3-5 dollar range. Obviously there are some hefty capital considerations in there as well, but I think you get the drift.

Cheers,

SF