price firming, page-3

The beauty is that Eric has worked hard it get the Canning Basin campaign in the press and now on ABC TV last night and now it appears the funds may finally be taking notice. They wont be interested in Valentine just 1 or 2 wells, they know the odds, but a systematic campaign of 20 is a compelling story with a share price already underpinned by existing fundamentals. Because of this, it appears we are getting Valentine risk free as us true believers combined weren't enough to get the share price moving. Just as well because there is no further encouragement, so far anyhow, despite the early promise that has thankfully upgraded Stokes Bay.

With gas in high demand and heading toward parity with oil in this market, oil itself over $80 and fertile exploration ground with a drill bit spinning, the planets may well be aligning in a perfect Arc for us.