1 free option to be issued for every 4 shares held as on the 31st Jan. However, ex-entitlement date is 24th Jan (allowing for T+3 settlement + 1 day for Aust Day public holiday). Option expiry date is 31st Jan 2010, strike price is 25c, so it's in the money for the time being.
Can anyone advise of another company with a similar busy drilling schedule with a similar SP? If so, please advsie.
SP is only a sub-function of market cap. I hold a few VPE after switching from Hardman recently after Tullow buy-out. With POO the way it is right now, I'm more interested in explorer with production cashflow and high-impact drills - ETE and STX. Both have high-impact drills coming up in the US (in progress actually). STX has about 10 million in annual production revenue while ETE will commence production in April at their recent L24 discovery (5% of estimated to be about 180-300BCF). Fairly valued with cashflow and good upside.
Tomcat is looking promising so far :) Looking fwd to Wirraway, Nora, etc. Interesting 3 months coming up.
Cheers,
618
yet another technical breakout today, page-6
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