Partner Victoria Petroleum has not regained its dizzy 5.5c level but has found a new support level at around 4c, a long chalk from where it started the month of September. It still has a few wells up its sleeve in the current drilling program. It will be testing the Hornet well in the coming week, evaluating gas shows and spudding the Ventura oil well.

Woodside almost hit $20 on Tuesday, falling just seven cents short of the mark, rising along with the price of crude. It is curious to note there has not been talk of the ‘liquids shortfall’ which overhung Woodside up until the recent ballistic performance of crude futures.

Icon has enjoyed a positive quarter, rising from three cents in June to tip over 6.5c in the recent week. After being in hiatus for the last few years over stalled Queensland exploration acreage, an impending drilling program in the United States has brought ICN back to life. One day this week saw 5.5 million shares change hands.

Eastern Star Gas saw one of its busiest weeks on the ASX with more than 4 million shares being traded yesterday pushing ESG to an all time high of 45c, which is great news for the shareholders which took a 15c placement earlier this year.