Sold at 87c this morning when it became clear people were...

Sold at 87c this morning when it became clear people were selling on news, and rebought it all at 81.5c. At the time it was about 1.5m buyers to 3.8m sellers, with a large portion of those buyers down at low levels.

Now all the traders who were waiting for this announcement will slowly filter out. Anyone buying now knows that we arent redrilling until late april, so buyers will be MT/LT. Means that people are less likely to sell in the future which should stabilise the price.

Buy side is now looking as healthy as its been in a week, with big orders at 83c down to 78c. Sell side looking alot less ominious then this this morning. Already buy side has increased from 1.4m to 2.9m. If this finishes below 83c i will give it away.

Solid announcement, onward and upwards from here.