I believe thats the point currently - there is nothing in the...

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29/12/19

15:53

Post #: 42155072
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Originally posted by RSD: ↑

The drill is positioned optimally for the three Stellar targets, we are way out on the edges for the Indigo, Lima, Charlie prospects, and as for the HRZ who freakin knows.

I think that it is important at this stage that we keep our expectations realistic to avoid disappointment, especially as the targets that we are just scratching the edge of will be encountered first. Inevitably there will be holders that are not fully informed who are likely to sell out when the results of the less well positioned targets are announced first (unless we really hit it rich). As such we are likely to see a number of price drops before we get to the main targets.

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I believe thats the point currently - there is nothing in the share price for Indigo, Charlie and Lima. Everyone has to be fully aware these are being drilled sub-optimally as the drill is optimal for Stellar targets.

However, even in sub-optimal locations it will prove the presence of oil or not, the reservoir quality etc... so it will greatly derisk a future well into them in optimal locations and it will allow some value to be added to the share price in the event of success. The full value of course will not be added until a further optimally located well is drilled into indigo, Charlie and Lima.

That was one of the points of my post - to emphasize the top 4 targets are all sub optimal locations and so - dont get any hopes up for them however, be aware of the potential value should they be good or encouraging for a future appraisal.

The more everyone is informed, the less chance for wild unwarranted swings in the share price.

88E Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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