I don't think you will have to wait two weeks, someone soon after the open this morning made a buying move across several layers which caused a spike in the price. Naturally it was a fine day for a number of small players to offload their positions. Which to me, looks as if it may have been a foolish move on their part. Though hindsight may ultimately prove this point in the near future.
Several weeks on, the Melbourne Age story earlier this month still has echoes -
" The interesting bit is what lies below the gas. Testing using the rig that drilled the well was not feasible, so a more suitable rig is due back on site within a couple of weeks.
The best science that Remfry can throw at the results to date suggests that there might be moveable oil directly below the gas. If that is the case, the size of the field suggests that there could be 1 million barrels of recoverable oil. "
EPR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
