ob's, page-5

Jarrody - the arithmetic of options as they approach exercise time can get very complicated. (I've been there before and it wasn't usually to my advantage)
BUT, to quote your example - if heads were 15c, then options just must be more than 2c or people would buy options at 2c, exercise them for 10c and sell them for 15c, a quick 3c profit.

Then again, does the company (and its few big holders) really want the options to be exercised?? If they think the $$ are really going to roll in from Fairway, they would think the income will pay for further wells, and that exercised options would only dilute their FPO price.

Yes, it sure can get complicated.

I hope the options are in the money - I have heaps of them.

Good luck all!

RR