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11:53
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Originally posted by DaisyA
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you don't need a background in oil and gas, you just need to read the words of your chairman who said that the "initial findings indicate that this is great news for GAS shareholders, the State of Qld and the Australian East Coast Gas Market." This means that it looks like it is a Gas discovery of national significance. You have increased your stake from 80% to 100% just this morning on a further release. You don't need to know anything else IMO, you have it all there. GAS is on the rise big time or will be a TO target. The Oil and Gas experts are all over this now. The announcements will come thick and fast now. Belt up for the ride. As a TEG SH with 35% of GAS we are being sucked along also. Well done GAS and good luck to all SHs.
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I haven't the experience in O&G to comment on the results but I keep taking it back to the guys flogging the IPO. My impression was they're good but excitable optimists. This was the big drill and they had high expectations. And in their words, results have exceeded all expectations.
