Ann: Quarterly Appendix 5B Cash Flow Report - June 2024, page-40

plausible- they are clear about their intentions to free carry - unsure they’d be selling at these levels though as I thought their average was around 26, but wouldn’t surprise me to know they were selling in the high 30-early 40 after the recent pump
Imo recent weakness in the SP is likely to continue as people realise that the Heritage could still go either way and, if memory serves me correctly they were planning on helicopter drilling! ? So perhaps there’s not the rig availability at the moment - but that’s only a time delay ( if any)
After approval of the Heritage and subsequent drilling plan - I think people will be more satisfied the risk is minimised or reduced as much as possible and the SP should reflect this imo

Will be exciting for holders if they can get the approvals