other than the potential of this company the reason that i bought in was the fact that beach petroleum has paid $10million to drill p46
they would have done their homework on the data provided and would not have committed unless they were confident as anyone could be to place such a big bet on p46
the other possibilty is that beach could make a takeover bid on these guys if successful [maybe i'm wrong but it is possible- these guys will be the envy of all oilers , santos and woodside would certainly open their eyes and maybe their wallets]
beach has a 75% strike rate with drilling,have been in with these guys for 8 years [5 cents]
from their moves they provided investors tips for investors to get into some great companies
PTR
AOE
AZA
they all have performed, i believe that EPR is next
if i had spare cash i would still be buying EPR up to 10cents, i would loved to have taken 800,000 at 6.5cents yesterday.
anyway guys,on monday or tuesday i hope a good ann. comes our way and some press coverage, if press release comes you know then that they are following the footsteps of beach petroleum philosophy.
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