Hmmm..............The Annual Report makes interesting reading.
The Strategy Review is still ongoing and the sale of 277 is part of that, releasing commitments for cash and possibly for an acquisition of Oil producing assets.
Best of all is the directors interest in 64 million options with a strike price of 45 cents. I'm sure they will be doing their best to get those into the money so that's better than 50 cents for shareholders.
New Guinea is attracting a lot of attention from the majors so that 50 cents is very possible.
Cheers all,
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