1. Backreef weather 7 day forecast - very little rain Wednesday to Friday and NO RAIN Saturday to Tuesday. Expect an update telling us a timetable with approvals and contractors finalised. With the weather improving expect an earlier than expected production test as announcements suggest it could be earlier than beggining of May. 2. Farmouts expected sooner rather than later for Backreef and Derby block. Native title and farmouts before production test. It is getting more expensive for farminees to farm in every day that passes by. 3. Buru buying shares in Obl as it makes sense. Buru knows the value of Obl assets better than anyone else. Sure Americans and traders are buying, but It would send a rocket up the share price if Buru bought 5% on market. A takeover what a bargain!!!! 4. Cyrano to be sold to Apache as farminees show interest and Apache make a move. 5. New venture Obl getting the other 50% of the Derby block. Makes sense that the other party does not have the know how or capital to go forward. All to happen with farmin and native title before production test. 6. Equity reseach paper by Simon and Gordon Capital on Jan19 started the rally. Expect another research paper Very soon with numbers that will blow your mind. So much has happenned since Jan19 in Politics , Resource prices and how the world values companies in the Canning. 7. People like Jimbles and traders who sold at 8.8c and make a quick profit have not taken into consideration points 1 - 6 and will miss out on mega profits. The astute investors can see the big picture and keep buying and that is why the volume and share price is going up.
Strong as an Ox!!!!!
OBL Price at posting:
8.7¢ Sentiment: ST Buy Disclosure: Held
