omv commits

solid news... OMV commits to drilling matuku...
this is worth at least 20 million on paper...
if matuku comes in we have 5 times maari...

I guess this news was already factored in...but it doesnt make sense////

Matuku previously read on target for 3rd quarter 2013 spud...this is still the case
With OMV drilling a multi well program in Taranaki its great to see Matuku as the first well, and possible appraisal follow up...

with winchester and Palta in the mean time back to back its all happening at Octanex...

This would have to be the top rated oil exploration leveraged stock floating...
for a 30 million market value, cash backing, albers, and matuku alone supporting at least 20 million....Winchester... you seen the other valuations on paper....


at this scale it is rare to find stocks with low downside with the leveraged upside... I thought id found it before...I have to work harder... in saying that oxx is stronger than CUE...

that is a big call...
All we need is one of the next 3...
palta could confuse the market with how it is presented... but there is nothing to be confused about winchester and Matuku rolling out... we have,
strong...
solid...
building...
leveraged...
SIR of oil...
and a disgusting low market cap considering we have some free carried stakes in some mighty plays, which none might come in... but if one floats, we are bagging on the spot...
our strong holding in the taranaki basin north of maari, north of tui, SW and west of maui is professional...
always been excited about this region... lets hope OMV, lead, are about to expose our riches meant to be...

.^sc