stong rise on volume

Todays movements are significant as the 15 cent barrier is breached on volume, a rejection of the 13.5 cent mark. The next target is 20 cents.

Plus sides
Strong on fundamentals and the mention from SANTOS that they are active in their farm in tenements
Waiting on the strong oil shows proven from last year. Reserves to be booked by end of March- this info will have to leak prior to the ann.

Huge tenements still 100 % owned.

300+ mil cash to be spent by SANTOS and TOTAL on exploration (after the seismics have been done)

This is a good short term buy to 20 cents which is the previous high last year for the chartists.

A close above 15 cents will be a big change in sentiment for next week.