unbelievable, page-3

yeah,

but keep in mind, the the normal buying pre spud, usually starts about now,

however, that is being subdued by the overall market, ie, people having to cover margin calls, dont have the extra cash to take further NDO positions.

But,,,,the closer we get, surely the pressure will build.

My gut says that we will get oil at gindara, and either before, or at depth, it will put a gusher to the sp.

I look at it this way, i was going to sell half at 20c to free carry, but 9-10c is a low, that is supported with existing production, so the upside of gindara or other JV is not factored in whatsoever. So, if they dont find oil, downside, Minimal. If they do find oil, and it takes until the black gold is flowing to get the sp up, my position will be one with not having the opportunity to reduce at 20c, but, take a smaller cream off the table at 50c.

!!!!!!!!!

remember, that the market will also gravitate to a good news story, in times of trouble, and further fuel out growth, 90c-1.00+++