>I think management are selling the options into the stock...
Could be. in which case there is a floor of 12.5c (no point selling at 12c if your option is 12c).
>...not a lot of SP movement I'd imagine without any pending drilling activity.....
I thought they were re completing SM37 F4 with a tug? Max 150 barrels per day target. But at 100% BYE (80%NRI?) and oil at $80 that's $US9.6K gross per day, about 250KUSD per month (9.6x27)with no extra overhead.
BYE Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
