Write up on Essential in today's Financial Review (Tues 1 Oct) suggests its focus in the Otway Basin is targeting an extremely prospective area. The article "Zeroing in on the Otway's oily secrets" draws some parallels with the classic Atlantic rift basins bordering the east coast of South America and the west coast of Africa. A good read that should elicit a bit of attention to Essential.
Remember though, while its fun to be optimistic its better to have tight stop losses.
EPR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held