I've been watching the drilling campaign with interest. My main hold currently is CVN, which I started to accumulate when the positive hits started coming.
To date I haven't been moved enough by what OEX have announced to consider parting with my hard earned. In this climate the market wants results in the form of flow tests, not indications and hints of what is down there.
Funny you mentioned MEO Billy, they may be in a similar situation: the resource is probably there, but massive questions remain as to whether it can successfully be extracted.
I can understand people bailing on OEX and protecting their capital, the campaign has hardly set the world on fire. But the beauty of an aggressive drilling campaign is the near constant flow of news. I suspect they will have some successes (with a resultant +ve effect on SP), but I haven't seen enough at this stage to buy in.
Good luck guys, we all need it at the moment.
PS Billy, please don't mention MEO again - no-one needs reminding of that pain!
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