well i believe we are in a bull mkt for resources atm, even though some commodities are not running hard, but some are, risk on for sure and so i suspect many a trader hunting around for value stocks, cheap, with some promise. WGO/STX find in perth basin whilst well away from XCD operations has also i feel ignited aussie oil mkts interest, then also CVN about to report their dorado 3 results too.
so XCD sits therre in alaska in a good address. they remind very much of RMP when they got into alaska and drilled winx - i think XCD has exactly the same MO here with maybe one extra hope of hitting oil. - either way the seismic reprocessing result to come in next 4-6 weeks will add to the interest, then 3D seismics, then JV partner, then drill - all mapped out for next 18 months thankyou!!
