Interesting to see how the consortium's Market Caps have...

Interesting to see how the consortium's Market Caps have responded to the news. We've so far seen;

• OEL largely unmoved
• Red Emperor up around £4m (in London)
• 88E up around £15m (in London)

RMP in particular, look to be undervalued, with their 28% net (after back in) working interest effectively valuing each barrel of prospective resource @ US$0.25 !! (126Mmbbl x 25% x £4m x 0.531).

Still trading on the LSE, intraday spiking to 2.66p (from sub 1p previous session). Is the Ann seen as enough for the ASX to lift suspension here? Holders should be in for a nice surprise if that happens.

Anyway, seems like another prudent move by all parties. It is noted that 3D does not cover all of the southern portion of the block, so further upside is likely. And well placed too, between Oil Search's Pikka, and CoP's Meltwater infrastructures. Should help to offset some of the access economics.

And in the meantime, our biggie beckons. C'mon baby.