Saw this whilst up in the middle of the night; had a dig this morning once in the office (whilst you were all likely at the pub!). Page 4 of the interim financial report mentions the unlisted convertible notes listed to Sempra; coupon was LIBOR+300; this reduces to +200 on practical completion of Angas processing plant). So could be to do with this.
May also be looking at closing some of the hedges out early, if they believe the price will move above the levels they were struck at before they roll off.
Hopefully we'll know on Monday, and it will be good.
TZN Price at posting:
$1.49 Sentiment: LT Buy Disclosure: Held
