is the blackwood delay a good thing..., page-8

ADL, I acknowledge what you are saying and yes it is possible. But to say my theory is wrong, well you or I just don't know. We will see, but I think either way buying at these levels is cheap, even though as Blurrt says we may see the SP lower in the short term especially if no news is released before the Qtrly's.

I posted my take on the Blackwood extension on different thread yesterday as follows - The ENI Blackwood decision date extension can only mean one thing to me, that whilst ENI planned to drill Blackwood, the results of HS1 and the potentially much larger resource now at play, may have ENI wanting to have another crack at Heron prior to Blackwood. Either way I think one of these will be drilled by ENI in 2013, otherwise they would have walked away from the farmout already if it was such a disaster as everyone seems to think. Just my opinion.

Each to their own, I like considering all views.

KK