Major breakout today...yet hardly a mention on HC.
May have overshot a little, so be careful over the next few days, but as I see it, there are plenty of reasons for it to keep going.
1. Back to back drilling of Rash Barrett A No.3/No.4 starts tomorrow...though, due to the nature of the field, shouldn't create too much excitement.
2. Halletsville South Project, Texas...three back to back, deep gas wildcat wells to be drilled, with the first to commence within a couple of weeks. These are "company making" prospects, according to AMU.
3. Raccoon Bend Field oil acquisition now settled and adding substantially to the bottom line.
4. Debt facility approved for Biodiesel Project, with final due diligence underway...expect official go-ahead early Q4.
Iv'e been waiting since about October last year for 41c to be broken...so I'm back in now.
Cheers!
AMU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
