G'day joaquim, the Eagle has lift off-good to see. I can only speculate it has to do with the Cooper basin oil and gas as all the JV partners are up and as far as I can tell ADX and AOC don't have any other big projects happening right now. Also big players like ANZ bank and HBSC snapping up shares to become top 20 holders. As one of the directors just bought a mil shares they would have to wait a respectable time before any announcement re good news. On the otherhand they are due to announce AGM which should be in about 4 weeks. As I have mentioned for the past few months the gas discovery alone should have put them over 8c. Uley also seems to be coming good and could result in a cash flow. The other projects are so many and some so big I can understand why EBR is quite popular. I wold like to see it finish this week at 10c and would expect some announcement fairly soon. I am guessing that the work that Peter Barbers company has been diong on re evaluating the Cooper seismic and the re-entry of Emily might be the source of some speculation. Emily could contain a few million bbls oil. AT todays prices 2mmbls could be worth another 7-9cps to EBR (in ground value) All in all there are plenty of opportunities for 20c + by Xmas and a re-booking of cocos :) The longer term BASS Strate assets and Cultana (army permitting) are the ones to watch as they could result in $1+ values. In the mean time sit back and enjoy the ride Cheers fc Good luck to all holders yesterday alone ARs shares went up about $450K
EBR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
