aquisition target, page-35

No not at all concerned.

Just my style of trading has developed around trading the speculation

eg buy MMR in Sept 2009 for 10c sold in dec 2010 for $1.05 before the well was even drilled. (this is my best BESBS trade ever and dont ever expect to see its like again)

As you know I was buying ADE in the 6c-9c range last year and would usually have bolted last month.

Just cant get over the size of this asset, and are particularly comfortable at the moment due to the lack of speculative premium in the price and we have just had our CR so the company is secure.

Just need to condition myself to slow gentle rise rather than the speculative fever :)

Cant help but wonder why we havnt seen more buying like when it started to rise after the last CR at 6c. When it was ann'd their was gas bleeding from the core and the REM section was much thicker than anticipated the buying through 8 and 9c that day was panic'd.

I cant see that sort frenzy happening again until something comes through regarding economics of the whole project and Im just trying understand what that might look like.

Particularly if the coming frac is not actually going to really provide final production rates but rather help identify where the best production rates may be found.

TME (aka Mr Informative) may be able to shed light on what may be reasonable projected from this round of well frac and flow (gush :)) rates.

Will it prove the economics? I think is the main question.