Looking for oil is certainly not an easy thing. OBL has always been a 2-3 year long term hold for me, epecially with developments regarding the Derby Block.
States clearly in the ROI Good Oil Conference Report
2013 Shoot 2D, seismic target shallow oil pools, Farmout out USG (Unconventional Shale Gas) plays. Doesn't need to be fracked, naturally flows.
Plenty of news and developments to look forward to.
Central Petroleum has been stock of the year from 4c to 19c discovering large Oil and Gas in Amadeus Basin south of Alice Spring with Santos getting out the cheque book for $30 million. For me I will continue to hold OBL, looking forward to Native Title news and farm out Partner news developments.
Keep the OBL faith.
keeping the derby faith, page-7
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