where are we at?

Hi everyone,

I've only just become aware of this stock through being a FMG holder. I would like to know a bit more about where the company is at exploration-wise as I am thinking of taking up a sizeable holding in OBL.

I looked at the September quarter update but because I don't have a lot of experience with oil exploration I was only able to make limited amounts of sense out of it.

Correct me if I am wrong but there seems to have been a few unsuccessful drillings of late and the BAS holding was mildly dilluted. Am wondering where OBL is looking good, seems to have a sizable area in which to conduct searches, are any of these looking particularly promising?

Any info you can give me would be greatly appreciated, if you are anything like me you guys probably know more about this particular share than almost anybody. Gotta love the small caps with a bright future.