Price creeping up, page-39

I actually think this means she isn't going to launch a takeover. She would've done so already, not driven up the price before making a bid (unless there has been some sort of leak).
My crazy theory (and there are many) is that she is cleaning up after herself before declaring her stake. Maybe her goal is simply to acquire a strategic stake and a seat on the board prior to WE FID. After all, being in the non-operator position, she has very little leverage. Having a seat on the board would go some way toward rectifying this. Also, any application for a seat would look much better if the share price is in the 30s not the 20s. If this is correct, we might expect some large after-market cross-trades and a dramatic fall in shorts reported.
Then again, the simplest explanation (which is often correct) is that it is a combination of short-sellers covering and long-termers re-entering after the tax loss selling season.
Whatever the case, it's good to see the share price moving towards a more sane level.