Oops, mucked up previous post. It was intended as a reply to your assertion, davo, that our SP would increase back to 36 to 38 cents on this news.
I doubt it. The market fully expects this field to be large and to 'flow like the clappers' and has already factored that in. IMO the catalysts for further SP moves of significance are:
> Further discovery(ies) - eg. Walyering, SE.
> Production - and yes, one would expect the SP to increase as this nears, but it remains some way off.
> Corporate activity - eg. TO offer for Strike (which would need to be massive to succeed, but would put a new, higher floor under the SP).
OOO
Ann: West Erregulla Update, page-15
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