Re: this morning
in response to
by
posted on
Feb 11, 2010 11:41PM
Developing large acreage positions of unconventional and conventional oil and gas resources
until the answer of Exxon.
...todays buying was most likely directed towards mab's next venture...the au...dont be surprised if xom walks...the new focus is on au...cash is going to be king now to continue mako...if xom stays that solves that issue...if they dont...well lets hope there is another jv wanting to prove up the trough...and if another pp is in due course getting the sp up is critical...if they can close the 10-50m pp in au that will bode well for continued life...all we need are flows somewhere...anywhere...that is what this story has lacked and all it needs...should be interestin how this plays out...that monday could take sp to year highs...or down but not out due to the new story coming out of au...as many have said...vol speaks...granted only 1 million dollars spent...but its what it is for that is key...it wont be long now...gofo and g'day