Cara the cash is all well and good but the market will need confidence in cashflow going forward. The fact the company mentions 8 years of production ahead will need to be quantified with production over the next few months ahead. Once the market has some faith in the quantum of cashflow going forward i can expect a rerate as would a reserves update (forget the B65 update for a moment - surely a reserves upgrade from the productive sands will come through in light with the size of the oil column and productivity to date).
Ann: SM 71 Operations Update, page-43
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