OGG, Let me venture a supposition: Suppose you are a CEO of the likes you see here in the onshore oil patches of which your main share holder base is Australian. All things being equal, you see that the markets in Australia are flat and in the States oil traders are currently prowling oil stocks for shorting purposes only. You know the mood of the market is to short oil and any feel good stories are going to be ignored or just blatantly disregarded because they don't promote the market's present strategy to short down oil companies En masse. Would you waste your time trying to impress a market that is intent on turning a blind eye upon your accomplishments.
I think Eric might be thinking.. cut bait and wait for another day. If I were Eric, I'd come back when the market is hungry for oil. Because, if reported today, this unmentioned oil most likely would be discounted or not even count. We have to save our Trump cards and make them count.
SEA Price at posting:
$1.16 Sentiment: Buy Disclosure: Held
