Tomorrow we should know some more unless they go for a suspension. Silver lining would only be some kind of extreme gas blow out....hope there is some way of drilling the hole!!!!
Like the bit when they say the 2 drills may of confirmed an extra 12-15 mmbls lets hope the alleged insider is on the money.
Hey Boysy,
I dont read too much into that story....it was a bit vague and may be only confirming what we already hope will be there. Certainly, the production numbers mentioned are only what we already know.
Volume today is up and seems to be a fair bit of interest around the 10 cent mark. Hoping that tomorrows update will be positive.
Wonder when we may see an announcement re SC55?? That would really make things interesting.
Usual spin in the pines media lets see what happens. Would be good to see another decent report out tomorrow and yes a major driver will be sc55 and bhp confirmation a rig is booked to drill cinco
Time is a great teacher, but unfortunately it kills all its pupils
Usual spin in the pines media lets see what happens. Would be good to see another decent report out tomorrow and yes a major driver will be sc55 and bhp confirmation a rig is booked to drill cinco
Successful conclusion to the drilling Boysy.
"....intersected a total of 1,645 meters of highly permeable reservoir interval in both wells."
Still on schedule for November production so 8 weeks and we should be tripling production??? SP is firm but not flying.
It almost appears from the report that it is just a matter of time before SC55 is returned to BHP. Loads of discussion...looks like they are lining up Hawkeye as the second drill??? Very positive. First oil from Phase II still scheduled for November so only 8 weeks away hopefully. All positive for OEL. I am cautiously optimistic.
Interesting to note that over the past week or so the still depth has remained around 7-8 million shares despite 1-3 million shares being traded each day. Someone is offloading a reasonable amount at 10.5-11. Need a day where it trades 20-30 million and it may break through 11.
It almost appears from the report that it is just a matter of time before SC55 is returned to BHP. Loads of discussion...looks like they are lining up Hawkeye as the second drill??? Very positive. First oil from Phase II still scheduled for November so only 8 weeks away hopefully. All positive for OEL. I am cautiously optimistic.
Interesting to note that over the past week or so the still depth has remained around 7-8 million shares despite 1-3 million shares being traded each day. Someone is offloading a reasonable amount at 10.5-11. Need a day where it trades 20-30 million and it may break through 11.
Gaz
Discl: hold
Looks like ive got a bit of catching up to do, re OEL, i'll go back through the announcements & thread of my favourite oiler.
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Originally Posted by boysy
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