G'day guys, I don't own this stock, but I am watching it, a bit...

G'day guys,
I don't own this stock, but I am watching it, a bit scared to get in when I was told a couple of days ago to get in at 51 - 52.

Got a call from a mate who is close to the source, rekons an announcement in the next couple of weeks regarding ( 2 )? wells.
No sooner had he hung up, a 100k bid appeared at 50, I didn't make a move as I thought it was a prop, but, this morning a 200k bid took 3k at 57 and sat there with another 197k

Can anyone here familiar with this co comment on what it expected from the drilling campain?

I remember that Stockanalysis valued it at .30 odd cents, then 3 weeks later put a value on them at 1.80

cheers