pre spud action for Coelacanth must almost be over assuming...

pre spud action for Coelacanth must almost be over assuming Wasabi was drilled on a trouble free basis.

BAS and MOG at ~15-16cps already represents a large amount of risked exploration premium.

I think they'll struggle past these levels on pre spud specualation alone....given the current market aversion to specs.

Wonder how they will manage the newsflow when drilling begins. Apachecorp obviously doesnt bother reporting anything about Wasabi drilling progress so hopefully BAS and MOG will get regular updates to keep us informed of Coelacanth and Speke progress.

Holding BAS