epe/gog market not impressed,, page-4

That's interesting, Tanpal

My computer's running like a snail with a sprained ankle at the moment and I though it was just me.

The SP looks to be slowly building a little momentum so maybe word is filtering out. Can't imagine too many traders not having live ASX feeds though.

As Ian and others have observed often before, the market seldom gets very excited about gas - unless it is announced in the form of an offtake contract.

Longer term, however, GOG should see a run in the lead-up to the Otway drill. That's pretty exciting acreage and although it won't cost them a cent to drill, they retain 40%. Given the seeps and oil shows previously encountered - plus David Archibald's (OEX's CEO) enthusiasm for the Otway - I am hopeful of a groundswell of interest pre-spud.

Best of luck,

Gupper