I liked that Cooper announcement for the same reasons.
They are investing from the existing cashflow to create even more cashflow.
Also, Acacia 1 seems to be a bit of a yawn for the market. If ("IF") they find something, simply more production to add to the cashflow, and they can develop it from existing cashflow.
If this crowd keep going in the same direction, they could turn themselves into a 'nice little earner'.
commentary on april update, page-2
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