Has fallen last couple days back at support levels.Good buying...

Has fallen last couple days back at support levels.
Good buying oportunity has presented itself at these levels with the stock in oversold condition. Expect it to rise over the next week as updates are released pertaining Trifon 2 well.

Schlumberger Oil Field Services of Denver USA have completed a full assessment of the Trifon 2 logs and have identified the potential of a number of zones to produce gas after fracturing the formation.

In the interim we should also see further announcements to Loy Yang and Hazelwood as stated previously, because of the strategic location of these targets almost directly under the power stations at Loy Yang and Hazelwood, it has become high priority that these structures be drilled. Natural gas is a clean fuel which is ideal for peak load electricity generation.

Happy Trading..