strong closing - very positive, page-5

Whats making it move. Few things,

1) News of rig made available to them for spudding Zeus-1 on the 17th. Zeus-1 is targetting a 5-15 tcf gas field.

2) The largest discovery in Australia was the Jansz at 20 TCF.

3)Proximity to existing giant fields like the Perseus & Rankin operated by Woodside.

4) Gas bearing rock formations at Z-1 are same as in the above fields.

5) Should Z-1 b successful, gas can b sold off straight into the existing pipeline at Goodwyn.

These are some factors that are making the SP take-off.
MEO got hammered severely last year & I guess people dont want to the boat.

cheers