Hey you lucky Aussies!!!! Can't believe you folks down under get a public holiday for the Queens birthday and we get zilch. However, once again its going to give us chance to sneak some more of these shares while you sit in the sun with a nice BBQ, beer,family and friends. Strewth, we need to do well on these shares as your having all the fun.
I believe that these shares have a long way to go in the short term over here, presuming that is, all the coming news is positive. If we get good fraccing news from Smith and similar results from RB then the SP will be heading to 10p. Follow that with rig mob for Puntland and mix in some great seismic results from Georgia and we have 20p to look forward to later in the year. Georgia has proven reserves already so is a fairly safe play and Range should therefore be looking to keep their 50% stake or buy Strait oil outright. There was also talk of an acquisition to be announced mid year. Not a ramp just lots of potential pressuming results fall into place. Although get your tin hats ready if any of the Texas results are poor because we'll need to take cover.
As always, truly hope you enjoy your holiday and manage to take it easy. Safe trading. TS
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