There will be time decay on the .006 variation but mofo could increase premium further.
All we want at this stage is for Woodside to commit, drill date, estimates and target estimate which are all near term catalysts and could drop later this month or next based on final 3D delivery timeframes.
Woodside is then officially in option period and one would think they will decide sooner than later. Particularly if they want to get ball rolling on 1st drill. (Apparently long lead item logistics already in play).
Oppies will most likely still be around until 1st drill is complete. Maybe even 2nd.
Feel a very exciting year coming if youre still here
just thinking out loud ofc
(20min delay)