Yeah, not a lot of action really today except for the bots and the closing auction. Good close... thats the 3rd day in a row there has been strong bids in the close.
On BOW... I actually thought there reseve upgrade was a bit of a nothing announcement. They only got an increase of 89PJ of 2P, which when you consider they have around 2750PJ of 3P is nothing at all. Mind you they probably would have converted a lot more if the floods hadn't delayed their planned operations. I think that their movement was definitely a lot more focussed on the ESG takeover.
As for an MPO reserve upgrade... I would say highly unlikely. I am pretty sure they have pulled the pin on any more work up there to save funds while they are going through the sales process.
Hopefully we will get a good update of where things are at in the Quarterly.... and that some work commences in North America this QTR!
MPO Price at posting:
81.0¢ Sentiment: Buy Disclosure: Held
