Really is looking like a 2016 drill now. I still think there will be price action around the seismic, Buru's Laurel work, their northern conventional drills if they get up and of course any farm in and the results of this legal stoush if they're resolved positively. But you're right in that with drilling 1.5-2 years away we're talking short term trades not bottom drawer holds for re-rating as any long term hold is going to continue to be diluted.
Ann: Derby Block (EP 487) Update, page-7
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