They've banked everything from Browse hence the Sept qtr $699mil cash on hand (minus the $25.6mil spent on the share buyback). Origin never announced the Pharos-1 test results in its Sep qtrly or thereafter. So that chapter's closed, as the Legend drills away for COP-STO-ENI at Bayu-Undan.
Almost at the bizness end at K#2.
Nxt week is crucial, IMO they should have finished drilling the reservoir (assuming they didn't stop to log the reservoir in phases & rather decide to do it in 1 go).
So whatever the findings r, will b interesting (eg: gas cap thickness, gas oil ratio, Eocene & Cretaceous reservoir HC presence, net pay thickness, OWC, 23% porosity, core runs etc). GLTA.
short selling new decrease, page-67
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