STO bean bush appraisal of the deep coals, is a look forward,...

STO bean bush appraisal of the deep coals, is a look forward, you are not going to see production etc, what these STO reports are about. It is about forward planning. What they know about the flow rates etc, they are hardly going to promote, when there is a neighbor that that shares that field with / natural progression would be to acquire it. Ie, we sell PEL 182 to STO. A win for them, and a win for us.

Its a pretty big prize for our tiny MC, and small change to them. It is the scale of the opportunity, and also prevents a competitor in the region from riding their coat tails.

Not sure why the sell off, typical exhaustion of buyers probably. Though plenty of buses were accumulating in the 18-20c area.

The express train to the next leg higher is tied to a news event, not the schedule of buses who accumulate for that pending bet. While those buses build support, higher VWAP.