Have ventured into MHL again, the timing seems right with the SP back down to being able to buy in at .004c which was roughly where it was before it got it's last surge with Fury 1 drilling and Central petroleum going on a buying spree only to find Cape Lambert already had a corner stone holding handed to them and decided they wanted out so day traded their shares to have a win.
Fury 1 testing is coming up soon, not sure when access roads will be re opened but they were talking end of May in the last announcement, they seem confident it will produce so flow rates might provide a driver for the SP.
Another well was also said to be drilled not far away from Fury 1 on a separate field due to it being on higher ground than some other areas they were initially looking at so again another potential SP driver.
Picked up my parcel over the last few days at .004c and will hold for these two catalysts to play out.
MHL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
