I am not inclined to dwell on the disappointing result at LaRocca-1 well. The big play is Cambay and it is fair to say that the situation will move ahead in a matter of days - but that's just my opinion based on interpretation of various items of data.
There is renewed interest in the UK AIM market today and I fully expect this to be the start of a reversed trend.
There is no need to ask if gas is plentiful in Cambay - we know it is and the competent persons report will reveal that. These upcoming Cambay operations will be transformational and in my view will put a broad smile on the faces of board members and staff in a relatively short time. Mine too!
All the best Jimmy
OEX Price at posting:
27.5¢ Sentiment: LT Buy Disclosure: Held
