Thanks Upmarket and Johnno,Denys et al....Just to clarify my...

Thanks Upmarket and Johnno,Denys et al....

Just to clarify my position with MMR, I was always more confident of a Gas find in PEP 11 than Meo's Artemis prospect.

I decided not invest in MMR with all the political and the vehement anti Sydney Basin Lobby group flack that surrounded the project during the Federal Election campaign.

I really did not think it had a "snowballs chance in hell"
of getting started with the amount of bad publicity and the local pollies stating that not only were they totally against the drilling of PEP11 but they would also put a stop to it if they were re elected.

I must congratulate Breeze on changing the location to push forward the drill campaign.It is now time to consider an entry point for me.

The best way to answer Denys' and Johnnos' question re my take on the "Coercion" is by supplying links to articles pertaining to the Anti PEP 11 drilling campaign going on prior to and after the Fed Election.

You will clearly see that this was a Red Hot politcal "Potatoe" and still is...however the horse has bolted and it's the score at the moment is MMR/Advent 1 NIMBY's 0.

The last link below will give weight to my assertion of Coercion.

http://express-advocate-gosford.whereilive.com.au/news/story/all-robertson-and-dobell-candidates-oppose-offshore-gas-drilling/

http://express-advocate-wyong.whereilive.com.au/news/story/nine-protest-groups-stage-avoca-rally-on-government-incompetence/

http://www.nbntv.com.au/index.php/2010/12/15/gas-rig-in-place/

http://www.whatsoncentralcoast.com.au/central-coast-blog.html#gas

https://sites.google.com/site/whathappenedatavoca/how-did-people-behave/gosford-council

see bottom of the page re Gas drilling. Then we have

http://michellemeares.com/media.html
see middle section re Advent.

http://www.theherald.com.au/news/local/news/general/huge-gas-reserves-off-newcastle-coast/1472569.aspx

and finally re my ?Coercion ? view, read this article.

http://mec.org.au.tmp.anchor.net.au/index.php?option=com_content&view=article&id=193:first-gas-rig-headed-for-nsw-coast-&catid=94:making-headlines&Itemid=178

The original drill site was planned to be just offshore Forresters Beach (near Terrigal) ...
.. wisely relocated by Advent/MMR to get the show on the road.

Hope that helps and as you can see there is a massive amount of publicity surrounding this drill campaign...There is a lot more.

Take a few minutes to open the links and you will see the local reaction...just copy the links and paste them into the web browser.

By the way the trading pattern is nothing unusual its happened to MEO/MOG/SDL/LYC/CDU/MMX etc etc ...Bot action employed in all its glory for various reasons...not much you can do about it.

If the Hydrocarbons are discovered in the first wel,commercial or even marginal,then, the SP should jump by default...Game on.

Let's see what happens.There are plenty of good targets in PEP11 other than the first Hole.

Cheers

HR

No advice given or intended ...it's your money..invest wisely.DYOR.