Ann: Block 9 - Early Production and Spud of Alameda-3, page-351

Even if they announce a second rig and program which I'm hoping they do in the next quarterly it's going to be a flash in the pan with a 3-6 month wait for more boots on the ground imo until they show sustained earnings and the ramp up towards more oil production it won't move good to see Karoon finally moving up they are killing a pig atm. Unless the reserves upgrade is huge as well maybe then 20 cents again? Unsure how long mcdaniels will take to release that.

The timing is good with the way oil is affecting the world economy to get production up but as some punters have noted 400 bopd is where some juniors are at with much lower market caps so we need some sustained timeline where the big end of town sees the production and comes on board to move the dial or the unlikely takeover lob would do it.