cnooc on buying shale gas assets, page-5

cp82, I think you may be right. EXE has had a groovy kind of thing going on with the 16.5c line over the last year. It has been overhead resistance a few times now and the one time we broke above it we did so with a gap. Likewise when we fell back below it was also with a gap.......

So technically you would expect 16.5c to be a sell point....but as you point out someone seems to be sucking them up at 16c. Some really good news may see that 16.5c line smashed once and for all and with a 22 hole drill program about to start we should not be short of good news in the coming months.