Here's a cross post from the iii.co.uk (see link below), that some one on this forum kindly drew our attention to recently - it's an interesting site to get the pom perspective.
Any views about this poster's, Geordieaway, last sentence re "heading for the exits"?
My money is that they [the frac team] have been on site for a while and that they are close to commencing the frac job.
That speculation is based on recent price movement.
Will they bring it in ahead of their 10th June schedule date. Be nice to have this whole thing wrapped up by end of June. Be ready to head for the exits once they are done!!
OEX Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held