I agree they will get caned if Yarrow is negative, but as you...

I agree they will get caned if Yarrow is negative, but as you say it will be a great buying opportunity.

Most of my most profitable buys have been when there has been bad news that has caused a massive over-reaction from the market.

Yarrow results should be released Monday AM re: oil shows or not. I have my buys set up between 47 and 53c to double my holdings on the "bad" news that the reservoir may "only" by 180 mil BOIP rather than potentially 250-500 mil BOIP.

As I see it Yarrow is only a step that if positive then opens the possibility that this is a massive connected reservoir, needing to be proved up by Flax 7.

If yarrow is positive it only really gives a definite increase of about 4 mil barrels to reserve until we can establish this connection, so a positive at Yarrow should have only a modest effect on SP (maybe 10-20cps - though in this crazy market it may even fall!).

Happy hunting Monday