Yes concept demonstrated but what market need is a demonstration we can do so commercially
Oil at 100 bbl and gas at 1mill will do it but it seems unlikely
So how much money left in the kitty, and how much is required for the next well
guess we would look at a placement around 7c so work out the dilution from there
Time decay is now a factor with oppies and will require some speed or top end flow rates to chase them above 1 cent
Oz doesnt know which way to move so wait for London to lead
My view is probably the same as many--too low to sell so may as well just hold and see what happens
OEX Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
