Rawk - the next cab off the rank was supposed to be the shallow Nido reefs in SC54. I can't help but wonder that there is going to be some sort of "shallow" campaign with numerous wells drilled in numerous reef targets this year. Company announcements said that they would be drilling these in 08 (prior to the Signal Head news) and now they are going to rush in on Signal Head - perhaps to tie it in with what they already know and have planned for the other shallow targets. We need to hear the results of the latest seismic and the ranked leads list to confirm (and also a drilling camapign to come out at the same time?).
Grabbing signal head is a very good move by both KIK/NDO and totally ignored by the market ATP.
KIK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
