Looking at the location of Horse Well so close to BHP's monster hit it is clear there will be a battle between OZL and BHP. BHP will expand to the South or OZL grabs CHK to the West. Leaves the BHP-Island surrounded by CHK and OZL. Will BHP sell it to OZL when CU is heating up? Probably not. Therefore BHP will strike a deal with Olympic Domain which puts CHK in the hot seat as it already secured 30% and will get to 80%. Market value does neither take Lake Torrens nor Horse Well in to account, anyone selling sub 3c will soon regret it as BHP will have their next drilling results assessed asap.
GLTA
CHK Price at posting:
1.2¢ Sentiment: Sell Disclosure: Held
