If they prove the Canning Basin, they will be more than $1.50. Been kicked in the guts too often lately by the sounds of that comment; haven't we all lately? But even in this market, proving the Canning is big. Just one good result on either current well, or two that remain to be tested should get it past $1.50 in my opinion.
Frankland should be at TD by now with only 500m to go on Friday. Hopefully the appraisal at least confirms initial thoughts on the field.
ARQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
