I understand where you are comming from. The fact that the spud has happened gives them a chance for sure.
Unfortunately Mathew Walker can't control the drill speed that is up to GGP. Current estimate is 12-14 days to hit target depth of 9600 ft (without delays). Looking at the seismic looks like there could be shows at around 9200 ft. Options have 10/11 days left to run. To me it looks like expectation of shows rather than actual shows will be what is needed to get the options significantly over the line.
If you are an option holder you may actually need to convert them to see the real gains. I'd make sure I had the conversion cash for any I purchased. Today it's an effective purchase of around 25.5c with .5c payable now and the outstanding 25c due in 10 days time.
AUJ Price at posting:
25.0¢ Sentiment: None Disclosure: Not Held
