I just checked out POE o'nite and thought the slight down was just the general market and was surprised to see an ann.
Pan Orient Energy Corp. (POE-V) Last: Change: Volume: 3:33 PM ET 5.130 -0.170 (-3.21%) 52,900 June 29, 2010
We could do with a few good producing wells especially when they were saying production levels and POO would be influencing the second rig decision. POO is good but their production is (fair bit?) down on forecast. So will this hurry up the second rig? probably not.
Up and down effects on reserves but neutral to more + possibilities. That was the best part.
Our SP has already suffered from production and EOFY so along with above sentiment I expect a flat day with smart accumulators rather than panicky selling.
Falling AUD will help our SP.
CVN Price at posting:
33.9¢ Sentiment: Hold Disclosure: Held
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