hahaha...Quote:
nzoiler-CUE looking stunning... your bulldance and chanting is working Shrewd.
This baby is going for a nice run over the next couple of weeks and there will be good money made by holders.
A good Maari update will a nice sweetener... :)
Regards all
hootering and hollaring mate...:D....
well, the spike is to do with Zeus, and if that goes bad then guess where the SP is going.... realistically the spike should have been long underway
as Maari production is about to start ramping up, and continuing until August...
So oil prices dont need to be really set until full production at that time....
profitable here at prices sub $30US... but cautious at $25 US...
and crisis around $15 US.... costs sunk so money is better than no money..
If Zeus goes bad, then its straight back down...
BUT, id expect the share price to go down by much less than its recent lows, so a great investment to take on the downside (still from here)....
Id guess now that lows on failure at Zeus would be 13 cents, as id expect more upside from here on the SP as Zeus spuds, and gets to depth which would offset some of a fallout....
This should top out around 20c on Zeus lead up, or more depending on Maari, and how the market reacts to that...
Expect much sp action as Zeus heats up, and Maari production gets underway...
will be good opportunities for traders even now...
even after the hootering and hollaring....
we wont know the real outcome until final drilling results...
im holding all the way...
later...
:cool:
.^sc