This statement means summer 2007 if i´m not wrong, so do not wait do much, but wait for the next 1-2 months and you will see how this share moves.
In 1-2 weeks I expect a further NR including an update from JB#2 and 4-5 weeks in starting the next JB#3.
If they really did not hit big in JB#2 the share price may sink to the 0.07-0.08 range because of weak hands and people moving to other stock, but when commencing drilling the JB#3 I expect new 52 weeks high because of the potential oil area and because all the data coming from the first Test well JB#2.
So, it´s maybe time to start accumulating...
JMO
Regards