They are freely tradeable like a share but they expire in Jun...

They are freely tradeable like a share but they expire in Jun 09. They are a 20c option so that if you paid 1.2c for them now and converted your options in June the stock would owe you 21.2c. They are currently well out of the money. They will be in the money when the stock gets to 20.8c which is the last traded price for the oppies. Very high risk given the short time frame. If they have delays with their drilling you will do your money unless you pay up. If they get good flows from the current testing then the oppies could be very lucrative.