very little selling as we wait

Given all the recent buying and at higher prices its very encouraging to see so little selling. Price is as usual bound to fade a little in between news events. The last report said Bibbelwindi lateral pilot 2 will be onproduction by the end of this week. That makes next week's report one to really look forward to as we will have initial flow data from these wells plus some 5-6 weeks of flow from the first pilot. Surely some gas flow will be apparent in the latter by now.

Still have a warm feeling from the last Paterson's report that said thes epilots alone would be enough to certify the 1,300 PJ target ... given that must have come from ESG! And the fact that they are doing step outs at Dewhurst says to me that the reserves at Dewhurts can be certified with this extra data plus the Bibbelwindi laterals (as its all one big field).

So hard to remain patient when the sp goes up and down ... but need to keep focussed on June/July for a big reserves upgrade .. or earlier if Lindo is to be believed!

H