dude, drilling is occuring in China, south Africa, glouscter and...

dude, drilling is occuring in China, south Africa, glouscter and Qld. drilling is an various phases ie Glouster, SA and china is to prove reserves, same in Qld plus drilling own gas producing holes. As to the timing Glouster have drilled their 3rd hole with a few more to follow.

as to the results, the aim is to confirm/certify the 2P reserves so that value can be incorpoated into valuation models.

as to the good the bad and the ugly of the results of drilling. there is a rough idea of the potential, and the drilling will confirm this potential.

News can come from any of these sources at any time or could be information on analysis of exisitng holes.

this temporary down period in the MPO price is just effecting the share price and not the valuation.

It was a good bet at 30-33c, even better bet now. The problem is that some persons are trying to conserve capital and are selling thinking of buying back at even lower, but they may be lucky and getting in at the lower price but there is an equal chance that news will move the price up a gain and they never buy in only to see it move further and further away.

it is frustrating at the moment, but to much of a risk to get out and take the chance of missong.

MPO is a keeper