obrien - LOL! yes, sounds like the nation anthem of the Canning Basin actually.
NPB oil decline was expected and i was actually expecting a small dropoff in oil revenue but oil prices averaged nearly $100/BBl last quarter .. that won't happen next quarter.
Just imagine, if drilling fluid hadnt clogged SB, we might have achieved a major gas flow - 30mmcf+ and when added to possible prospect size, we probably would have seen ARQ @ $2+ .. EMR @ $1+ .. EGO @ 60c+ .. PCL @ 40c+ etc etc. We would then have sold some of our holdings and had a nice cash reserve for the crash! .. BUT!! just goes to show, TIME DELAYS COST BIG TIME!!! .. that's of course assuming SB flows anything?
Bg
ARQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held