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  1. #841
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    I think thats the thing many people are overlooking bhp liked it enough to come back and have a look a second time. The poo creeping up mustnt be a bad thing either. Im quite surprised the SP has not dipped usually on news like this in the past the SP tanked on these announcements. Its interesting to note the top 20 keep on mopping up more and more shares in each quarter they now have over 70% of the company.
    Time is a great teacher, but unfortunately it kills all its pupils

  2. #842
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    Yeah, boysy, I gain confidence from the fact that the top 20 are gaining a greater portion of the company.

    -j

  3. #843
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    Slowly but surely they are topping up when it runs one would think the amount of free floating shares is much fewer than the 1.1 odd billion shares on issue. It would be great for the company to do a bit of PR work but as long as they do succeed the good news can only go unnoticed for so long. Lets hope BHP sign on the dotted line they certainly have put their money where their mouth is up until this point in time all is boding well for the coming few months.
    Time is a great teacher, but unfortunately it kills all its pupils

  4. #844
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    Well the sp had a bit of a bump today
    Time is a great teacher, but unfortunately it kills all its pupils

  5. #845
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    Quote Originally Posted by boysy View Post
    Well the sp had a bit of a bump today
    This ann might help explain it...

    http://www.asx.com.au/asxpdf/2010112...rxhy0bzdbr.pdf

    Brent oil price still a tick over $US84/bbl so lets hope Galoc is up & running again soon

  6. #846
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    yes shasta the news keeps getting better and better. 3d siesmic looking very good the timeline for sc 51 being pushed back 6 months everything seems to be on track certainly should run further on this information alone.
    Time is a great teacher, but unfortunately it kills all its pupils

  7. #847
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    Quote Originally Posted by boysy View Post
    yes shasta the news keeps getting better and better. 3d siesmic looking very good the timeline for sc 51 being pushed back 6 months everything seems to be on track certainly should run further on this information alone.
    The market will catch on as the 3D data is reviewed on Hawkeye (this does sound promising), hopefully Paul Moore keeps "highlighting" the BHP link, all this data gathering is at THERE cost, not OEL's!

  8. #848
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    very good read well worth a few minutes looking over. SC 55 looks much bigger than previously thought and GPOS up from 10% to 27%

    http://www.asx.com.au/asxpdf/2010112...rxhy0bzdbr.pdf
    Time is a great teacher, but unfortunately it kills all its pupils

  9. #849
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    Yes shasta it looks as though the conservative mgmt are very bullish on the prospects and sc 69 looks to be the goods as well. Good to see them also focusing on core assets and likely to exit turkey so they should get some cash out of that as well. Very cheap for the current prices thats for sure.
    Time is a great teacher, but unfortunately it kills all its pupils

  10. #850
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    Quote Originally Posted by boysy View Post
    Yes shasta it looks as though the conservative mgmt are very bullish on the prospects and sc 69 looks to be the goods as well. Good to see them also focusing on core assets and likely to exit turkey so they should get some cash out of that as well. Very cheap for the current prices thats for sure.
    Approx $30m of cash on hand gives me comfort with Galoc still offline, but anything sub 10c is good buying given the 2011 potential

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