yeah....some results either this week or early next. As I suggested last post, strength on back of Insto presentation as well. Theres been some interesting analysis since from well respected Oil and Gas analyst's. Most notably from Pattersons forcasting a no risk share price valuation of $13.06 within 2 years. No risk meaning that best case scenario/if everything comes to fruition. A little heady i agree but the feel in the industry continues to be that this is a very attractive low risk play with enormous upside within reserves and of course potential takeover in due course. Industry insiders continue to be excited on how their drilling programe is going. The soon to be announced results will add tremendous confidence to investors and will provide trigger for the stock to head into unchartered territory.
MAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
