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Don't worry people....Its just normal trading range for any company seeking to certify reserve given impatient shareholders.
This company has really turned the corner in the last 6 months. They have figured out they are better tenement applicants that explorers and developers (10 years to late some may argue). The farm-out to Stanwell was the right decision. Repeated with the farm-out to the experienced BPT. You have to give credit where credit is due...they have identified a clear strategy which is to get 2P reserves as high as possible whilst ensuring several big players are competing for the inevitable takeover.
Everyone just sit back an enjoy the ride despite the bumps. Check out the BOW chart for those who think medium term price fluctuations are something to get too worried about as company moves from contingent to 2P reserves.
Was surprised by todays announcement which basically said, 'we can't post flow rates, but things are all systems go'. A little bit of RJ shonkiness but reassuring nevertheless.