past 12c, page-3

I'll answer that, Jess.

We can expect an Bigham 1H update this week.

First, the success of the gas lift will be reflected in the sp. If there is no significant improvement in the flows, the sp will/should hold around the 11.5 - 12 cent price range. I base that on the assumption that the market has factored in no improvement. Any thing above that is icing on the cake. (I'm prepared to accept that it may slip below that in the short term however.)

Any oil flow that is above 220 bbls per day and/or the gas is above 470 Mcf per day should be a catalyst for a share price rise.

Secondly, we are fast approaching results on the Shell's Palta 1 drilling.

These 2 market forces, especially Palta 1, could drive the sp beyond 18 cents. All being perfect.

Unfortunately once the information becomes available, it will be too late for the likes of me to jump on board (or abandon ship).

However, the Cooper is my safety net. I'm in, the fingers are crossed, and if worst comes to worst, STX goes into the bottom drawer for the Cooper to one day resurrect... which it will. Look at the US.

best of luck.

con