Although today has disappointed.Sparks will fly once Yellowbank...

Although today has disappointed.

Sparks will fly once Yellowbank 4 results are officially announced. Smegsy1 has been successful and a contract with santos or other will put money in the bank for EPE and GOG. And the completion of Yellowbank 4 this week will give investors a better idea of its value with expectations of a share price above 0.32c.

With the threat of Oil supply and OPEC meeting on 10th Dec may see crude prices rally again.

"After a shaky start to proceedings, brought on by higher oil prices in the aftermath of the bombing of the US Consulate in Saudi Arabia and other issues, US equities markets were modestly mixed by the end of Monday trading."

"The recent downtrend in crude oil prices came to an end in Monday New York trading, taking benchmark prices off three-month closing lows booked at the end of last week. The buying interest was motivated by a number of factors, including the bombing of the US Consulate in Saudi Arabia and emerging signs that OPEC was considering production cutbacks in an effort to slow the recent fall in crude prices. (The oil cartel meets in Cairo on 10 December to discuss production plans for the March 2005 quarter.) Adding to nervousness evident on the day, militants stormed three pumping stations run by Royal Dutch/Shell Group and ChevronTexaco Corp in Nigeria, halting output of 90,000 barrels a day."



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