$3M wouldn't be the worst thing given their seismic and driling commitments over the next 9 months. That's basically the whole 2D if they wanted to increase their share in 5/07-8EP (which most people seem to be here for) up from 50%, or almost two slim mineral rig drills there. Could also prevent substantial reduction in the Gippsland basin which has to be farmed out in the next 6 months although that's probably not the best use for it.
OBL Price at posting:
3.1¢ Sentiment: LT Buy Disclosure: Not Held
