placement, page-4

Yes, it was good. A lot of fools parting with their shares today, the institutions didn't fall over themselves to get the stock at this price just to make 5 cents, that's for sure.

"We are also very happy that the Placement was conducted substantially above the Company’s pre-announcement share price, indicating the value created by the Acquisition for all shareholders. The Acquisition and its successful execution ensures that we can continue to drive our strategy of both high value exploration and targeted asset acquisitions with confidence."

The 190% increase in 2P reserves was bought at A$18 per BOE but the minute it pops it head out of the well, is worth A$74.35 or 4 times what they just paid for it, backdated to January.