Conservatively I would estimate 8 million a quarter free cash...

Conservatively I would estimate 8 million a quarter free cash flow is highly likely if they don't hedge. This is with the option to push out 10 million free cash flow. This means its highly likely MOY will generate 36 million free cash flow over a 12 month period. Add this to existing cash at bank and that's close to 50 million at bank.

That much in the bank means that if the drilling uncovers something special, they have the capital to develop at will.

I expect their share price on December 23 to be my Xmas present.

I would be surprised if wasn't in the 30 - 50c range by then.