Day traders don't care about news on drilling, some of the placement holders don't care about news on drilling either, they will just sell at any price.
So you are going to get these blips on the radar.
I try and remain focussed on the world class company making drill program that is about to commence, and as previously posted, the plenty of company making newsflow that is coming and what that will do to the share price;
- news on independent resource assessment for Borba due any day now. We know Borba is multi TCF and GJ has said that it is a "very big gas play". Borba could be a MONSTER, confirmation will be provided shortly. XST recently increased its working interest in Borba.
- news that Borba has spudded and drilling has commenced
- news from drilling reports over a month
- news on gas shows from drilling through nearly 2 kilometres of prospective interval
- news from drilling through 16 stacked target zones
- news from testing of the well (hopefully the flow rate is good - this will be the key)
- news that they intend to hook the well up for production (if a commercial flow rate has been achieved)
- news that they have hooked the well up to the pipeline and are producing revenue
- news that they intend to drill other look alike Borba on trend targets based on the successful result from Borba (hopefully)
- news that workovers have occurred on Red Earth and Alberta Plains oil production assets and oil production has been increased
- news that further oil production assets have been acquired
- etc etc
The next few months are going to be very exciting with plenty of newsflow, and with a massive world class target about to be drilled within a week we are at the very beginning of the following happening imo
(20min delay)