re: australian oil ipo Doesn't sound good for the proposed White...

re: australian oil ipo Doesn't sound good for the proposed White Sands IPO.They sound like losers. One big buyer (500k) lifted EBR today.This might bulid up during the week. They are still in some excellent projects which will reward shareholders in time. Maclean is next and offers a nice leap in sp on success.(up to $1.20 for EBR) Then 5 wells in Cooper (perhaps they need a new drilling contractor) and Cultana in Nov/Dec. They should be 30c at present.
fc