Well, there you have it. SSN part 2. Elevated oil shows in a...

Well, there you have it. SSN part 2. Elevated oil shows in a tight reservoir & we have a mammoth share in this potential oil province vs the smidgeon that SSN had in the Bakken. After the oil shows, there is also a delay to fracking here too. Albeit a longer delay.

I just gave back my trading parcel at 1.6. Keeping all my core as risking that would be gambling IMHO. With the basket case that is greace & Europe at large, I suspect that there may come a chance or two over the next 4-5 months to pick up cheapies when the loons throw everything overboard again.

Am thrilled with the announcement when one considers there was a little bit of a chance that our boys may have lost the plot & entered into a JV for krappy coal in Indo. Geeze I hope that never happens. It looks like we have a major share of a greenfields oil province. Let's develop this!

This has become a stock for the LT risk takers & the risk has gone way down, as has the SP unfortunately. Great opportunity for us LTers to re-load cheaper soon, once all the DTs have bolted & nervous nellies start jumping at greak shadows.

AIMHOO

GL all Barakans