I love that 22 page presentation...no wonder the SP is moving
* $6.5mn in cash * Debt Free * Very prospective core projects * New management (Thanks BHP) * Mungi field upgrade to 58 PJ (2p) and 230PJ (3p) *New wells to be drilled *Liulin resource estimate 700 bcf - 860bcf
And I could go on....
Today's ANN about a shallow (300m well) I didn't even know they were drilling is completely inconsequential....just read all 22 pages of that presentation and drool (warning have tissues handy while you read).
Let's face it brokers love a research report lile that as they can rehash it and use it themselves.
If anyone is dumb enough to sell out tomorrow morning then I think I will not be alone in buying what you offer - even if I have to get out of bed at 2 am to do so.
After that presentation report I fully expect to see a continuation of the rising volumes and rising SP we have seen all week.
Enjoy...
EB
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held