BONTAN CORP INC BNTNF

RE: news coming

[ajootian]

My guess would be that they announce the LA well permit and drilling contract next week, with an expected spud date of around June or July. Based on prior PR's they've probably had the permit application in for about 3 months at this point, which should be enough time to get it approved, even with today's backlogs. I believe fixing an expected spud date will really give this turkey a kick in the pants, and we should see it get back to 100K shs. a day volume for at least several weeks. By that point the Black Bass well in PNG should be getting close to TD, news of which should give another boost to the stock. So its finally looking like little ol' Bontan is finally getting its shot to get up on stage and do a little dance for us.