Yes it is good news that Ron is communicating with shareholders and we have some sort of timetable. At least we know the signs to look out for if something goes wrong..... Oil Futures are up today so we might see an influx of money back into this sector and if there are supply issues from the middle east I am sure India will want to secure local gas as soon as possible.
I think Ron has always been sure of Cambay's production potential and I think he did mention in one of his previous interviews the market chooses to see the negative when quizzed on the plummeting share price. I guess for many that do not work in the oil industry it is hard to get a good feel for the credibility of the announcements which means those in the know can manipulate the share price to serve their needs.
OEX Price at posting:
5.0¢ Sentiment: None Disclosure: Held
