hi guys..i have the highest respect for strike oil..they already...

hi guys..

i have the highest respect for strike oil..

they already have the runs on the board with previous deals etc.

running a successful oil company and so on..

management look like top class..

even now as a newly listed company on the asx, they have some credibility already established.

seeing the share price rise over the past week is good for investors and share holders.

but one must be extremely cautious when the share price goes way beyond it's fair value.

as far as i can tell drilling will commence mid/late october04.

i can see some profit taking over the next week or so, and probably a pullback in the share price.

yesterday probably took on an emotional push in the shareprice, and some will realize that it was pushed well beyond it's fair value.

sit back take a few deep breathes, and see what happens over the next few days..

regards