Wow... what a project. Price increase yesterday suggests this...

Wow... what a project. Price increase yesterday suggests this news got out - particularly since the new insto shares started trading!

This well could just about fill Waitsia Stage 2 by itself. No more wells needed before the project goes online and starts generating cash, which is a significant bonus. Should be able to fund future wells out of cashflow, I reckon these four wells will keep the plant full for at least the first two years.

Reserves upgrade coming too. Looks like that $15k retail offer is going to be heavily oversubscribed. Might as well apply for my full $15k worth and see what I get!