I doubt it. That's a doubling of the current share price: I...

moving of the rigs into place for drilling alone may see the sp move up to the 0.007's and 0.008's???

I doubt it. That's a doubling of the current share price: I wouldn't expect to see a movement like that until there's some reasonably solid information. More likely is a few more nibbles at .005 once the rigs are in place, but no solid breakthrough until initial drilling estimates come through. Even .005 is a rise of 25%; you'd need something a little bit more solid than what's out there right now to get that much coming through consistently, IMO.

Of course, this is a penny stock; logic and cold hard facts don't come into it as much as they might with (say) blue chip stocks like NAB, BHP, or Telstra.

(Aside: I'm not entirely sure about the sentiment - I'm assuming that "LT buy" is less strong than "buy", which is in turn less strong than "ST buy". Can't find any definition in a hurry.)