High oil price ($81 USD/b), low Aussie dollar (well over 100aud/b), rising international gas price, rising domestic gas price, Santos and Arrow both needing gas supply for Gladstone plants, fund raising complete and not discounted, reserve upgrades to come through based on work already completed, clever new work scheduled this calendar year to add to proven reserves in both Mahalo and Galilee sandstone, already large proven reserves at Mahalo adjascent to pipeline, low water production, high gas content, we have a shareholder out of Adelaide holding 4.9% just below substantial holder limit.
My plea to major shareholders dont let this go cheaply, we have prime assets and time is on our side. GLTA
COI Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
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