The markets have tanked because of the realisation that inflation may not be so transitory and a recession may be on the cards in the US. All this simply means that there is less money to go into the SM. Oil companies are well placed in this as oil is seen as an inflation hedge, that is it maintains its value as general prices increase.
I know that May is still to produce the stuff but the Zapato prospect and the more tangible A1 resource is a safety net under our SP so far.
Ann: Zapato-1 Drilling Update, page-211
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