i got in late so i'm holding all the way baby!! if we get up...

i got in late so i'm holding all the way baby!! if we get up into the high 30's low 40's then i think many others will be happy to risk the drop as well, which will hopefully mean less volatility around spud.

the other thing is, i really don't think we will drop too much if 105 fails. not with the even better prospect to come in 120. 105 is massive but its a warm up!

im not worried about the result as i'm very confident in gas being there. i am more worried about clearing 30c. the higher we are, the less i care about 105 failure.

in the failure case, what are peoples thoughts on the sell off severity? normally i'd say 40-60% but this is no 1 hit wonder and with 120 so close, i'd hope for a 30% drop if no hydrocarbons are found. would love to hear other peoples opinions..