Dune punters appear to be holding their nerve atm.They know...

Dune punters appear to be holding their nerve atm.
They know there is 4 gas plays there. Each one with a potential to add 5c or more to FAR.
What is the big unknown is whether they will have flow rates in any of them prior to option expiry.
2 look very possible at the 9,300 depths.
V2 being sidetracked is interesting as they obviously want what is around the 12,500 depth also.
The plus FAR have with Dune is that Dune want to raise some large cash and want it quickly so they will be doing all in their power to fast track.
Maybe a bit of tax loss selling over the next week then we should see some interest again in the lead up to option expiry.
Fraccing results shouldn't take that long from what I am told for V1 (maybe several weeks or sooner).

cheers

debono