Realise there is a lot of expectation in the drilling of ROC1, however market conditions are completely different this time around and therefore the final share price outcome of ROC1 (if successful) is un forecastable even using recent history ---some dot points:
* MOST IMPORTANTLY: during the lead up to PS1 spud date the POO (West Texas) was USD100+
* PS1 CVN share price during the lead up to PS1 spud date was around 9c
* PS1 spudded 27th May 2014 CVN SP@ 9c
* Drilling took until CVN went into a trading halt on 18th August 2014 @ 8c. (In retrospect and given the POO was still around USD94 at this date the lack of interest during the drilling was quite remarkable)
* CVN came out of its trading halt on 18th August 2014 and immediately shot up to 28c on enormous volume as traders (including me) took their profits from their amassed/staggered entry prices
* CVN then fell back a bit before peaking @29c early September 2014.
* The rest is history as the POO collapsed all the way back to USD43 (today).
Please excuse any inaccuracy in specific dates and prices, think they are near enough accurate.
"Expect the Unexpected"??
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