good 5 day trade

Its possible we could see a kick in the shareprice on monday......

According to the latest progress report the #39a well should spud at the latest tonight (24th US time).....we should get an announcement in the morning....

Monday/tuesday morning we should get an update with the first few targets having been drilled, phayles, Upper/lower shannon......the parkman and upper/lower sussex will also have been drilled, but considering these were not mentioned in the previous #39a I assume they are not expected to be productive based on previous testing, but it is a different location so you could not rule them out 100% as the zones the live oil was originating from....from 2006 shallow well report "the possibility exists that the field is more faulted at these shallow depths than mapped"

This is from the report released from the first shallow well, which would equate to monday or tuesday based on the time taken last time, 5 days.....
"Whilst drilling oil shows were observed both in samples and on the mud log in the Phayles sandstone and the first and second sussex sandstone. Live oil accumulated in the pit whilst drilling".....from following plenty of companys over the years you are just about guaranteed to get a price kick on any oil shows, when they released this report last time the shareprice rose about 25% that day.....it would seem like a given that we will get oil shows again from the same formations...

based on the above ELK would seem a pretty good trade over the next few days..
Cheers