Ann: Mira 6 horizontal well continues strong gas production trend, page-12

There will always be those who jump in and out of shares for tight profits – likewise there are those of us who take a stake and focus on the end game so short term volatility is to be expected.

Two major milestones ahead - Nailing those 2P figures from Mahalo and sinking that first hole in Galilee.
Institutional/sophisticated investors came onboard in the recent placement at 23.5 cents bagging themselves a decent stake which they would not have done had they been looking to exit at 1 cent profit plus it isn’t easy to offload a sizeable share holding without driving the share price down – so they too are focussed on our future.

One thing we do know is that there is a shortage of gas and we are strategically positioning ourselves as being a prime player who could make a dent in future shortfall. What we don’t know is whether the larger players will let us go all the way to production or whether they will look to take us out before then.

The markets of late have changed with the larger players biding their time hoping that the juniors will run out of cash with their assets being picked off for a pittance when their backs are against the wall – COI has demonstrated that funding is not an issue and is pressing ahead so it’s just a matter of ‘when’ we are approached rather than ‘if’.

What incidentally happened to Tor’s interview that was featured and sat at the top of this page? I notice that it has been pulled – perhaps those at HotCopper thought it was old news.

Patience is the name of the game and 2018 should be a transformational year for us.