phase 2 plan submitted, page-2

the FID for phase II must be released to the market any time now, and with the depth looking good, and PoO firming for the last wee while, we might bounce off these levels. but given it has been so well telegraphed, it will hardily surprise the market. given that, it might require BHP to announce a rig for Cinco to really achieve lift off. i'm locked and loaded with OEL (although if any funds come to hand i will definitely be topping up further). with the possibility of three drills next year, i remain utterly convinced that OEL is a great bet. as is so often the case, patience is a virtue, but i don't mind saying that the wait, and this languishing sp, is really starting to become a pain in the @rse. still, i see very little downside from here, and that's something.

-j