kea drilling programme, page-3

gotta admire the way a minnow like rawson can turn itself into a listed investment company/royalty company with oil exposure.

rawsons kea interest was earned mainly sweat equity,and now rawson doesn't have to write another cheque.

if rawson can do the same thing in the onshore otway basin,that will be worth a cheer.

8 million dollar company that can get carried into some drilling action.okay,not enormous interests,but more activity than anything else its size.

as 3d oil finds,100% of no activity does not excite the market. rawson with small interests in a flow of activity doesn't need much success to kick the shareprice from 8 million to 12 million--and that is a 50% win for holders from these levels.