seismic to be completed march quarter, page-4

Agree, limited downside risk, upside multi baggers.

Contingent oil resources will be established once the Kimberley downs embayment feature is completed - expected late March 2011. That is in about 6 weeks from now.

With the sheer size of " unexpected oil column" any announcement from the seismic report will be a positive one IMO.

Why I invest in OBL NOW :

- Market caps of $9 Million
- Enough funding for the rest of 2011 - No capital rising.
- LNG Ltd & Chinese connection
- Farmin in progress - confidentiality agreement with a number of interested partners.
- Huge potential on Oil + Gas ( USG )
- Back reef is 100% owned & Operator.
- SP currently at strong support, how much lower can it go?
- Flow of announcements will be out in the few weeks
- Share markets in general is Bullish, ASX & DOW keeps hitting new highs.

OBL is 70% on my portfolio now, averaging at $0.03 - good luck to all OBL holders!