This is the key slide here. I have been a long term investor. I got in at 25c. Then i saw it drift down to 12c. Thought what I have done. Then the first dill hole hit gas and it shot up to $1.10. Then drifter down to the 30c area when they had the breakdown in gas testing of one of the holes. But have picked up now the best new acreage in QLD. Beware as this stock price can really move when the drilling is happening. I am happy because they hit 4 out of 4 when they last drilled and the new area they picked up, the historical data suggests its highly prospective. And with $14mio cash in the bank they can do lots more drilling. Plus they have done it all before. So quite keen to see what these 4 new wells come up with when they drill.
This is all my experience and opinion. Do your own research and make up your own investment mind and beware GAS can have wild price fluctuations depending on how the next lot of drilling goes.
GAS Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
