why is there selling, page-19

i agree with the oppies still having a chance of getting in the money

reasons:

1. Small register " AKK not in the 4 billion bracket"
2. Two wells to be drilled and if successful will be flowing by the end of April
3. all current flows put on pum and developed
4. no doubt there will be some more joint ventures announced in the comming months
5. PEL, go baby
6. The who knows factor.

Take number 2. If both wells flow that should have us at a sp of around 6 cents plus, take into that another couple of JVs will certainly happen, plus results form this should have us around the 8-9 cents...then Pel?????

I really dont think we will be that far off, the sp will hit 5-6 cents plus if the next two drills are good then we would see the oppies trading between 1.5-2 cents, even that is worth a punt???