Lots of us not near a computer on the sell-down day and it wouldn't have got to 3.0c if we had known. Shareprice is very resilient at this level and will bounce back towards 4c every time somebody dumps with a largish holding. I'm happy they only have the Battle Mountain and Focus Ranch units as these areas are now proven oil prone properties and so they're not wasting money drilling them and with an estimated $9.25mil in funds at 31March they don't exactly have loads of cash to go looking at other properties without diluting us. Hopefully they are now close to announcing a deal on Focus Ranch that will give us free-carry as we really can't afford to drill with our 100% interest. The deal might give us some more upfront cash for our kitty and keep any CR in the far distant future. We must surely be within three months now for the spudding of the first horizontal well at Battle Mountain by GRMR(East) that should generate a lot of interest - let's hope our Management gets the market excited in this drilling with some promotional work. Happy to be holding as the time approaches...
ETE Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
