The bank interest rate looks good at the moment tho doesn't it!!!
I still hold by my inital reason for getting in.
Testing 7 zones in a prolific region for gas and condenstate (1tcf).
We aslo have some gold!
all for 2c, some risk but could be a multibagger.
Just because the share price has gone south doesn't mean that there is no gas. I have been following oex over the last couple of months. What they were releasing to the market was similar to PRE. There share price dropped from $1.10 on the 16th of june to 84c on the 1st July. Then they released on the 2nd that they they had 180bbls a day flow. Suddenly the share price opens up at $1.05! There was no leaks and the market told them nothing. I didn't have anything in OEX even though I knew what they were saying was good. Chart below.
So bascially I beleive the goods are there, I'm not worried about the noise.
PRE Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held