It's a bit hard to tell with oil lately. Given we are an oil...

It's a bit hard to tell with oil lately. Given we are an oil explorer, it may be pretty priced in until we make a discovery that is sizeable, and start producing it. There are oil producers on the asx with the same market cap doing 1500 BOPD, more assets and cash, and have positive cashflow. Until we start producing, not sure how much of a rerate it will be.

I think that we will see a good rise post-drilling if successful and the reserve update that follows is positive. Testing our flows will be important - If our BOPD is pretty good, we would definitely see a good rerate with the million/s per month in revenue. This company has low expenses which is an upside, so any revenue will do it wonders. Just keen to see the results of drilling and how much oil we can produce before speculating how high this can go. Definitely is due for a good rise with the price of oil, people could be buying in anticipation of production already (as we already know the contingent well is planned just in case).