$3bo 2p, page-16

Fleasbarn
Just quickly. I expect them to do very well after they succeed with another well to move past the last failure, the deal today is not able to be assessed as no details were given as to its cost. I would expect it to be re-rated later when the JUR starts drilling. Quality small oilers are few and far between and I suspect the majority who are rabble discourage most investors from entering the fray and only when it becomes clear a company is exceptional will investors jump in, that is what has just happened here and I suspect will happen over the road later on in the year...
Cheers