pre open roc isnt, page-59

re: we have sands .. on the beach at cudmirrah too H
Interesting comment and i tend to agree but it will take a bit more confidence building for the SP to reflect the T/O premium. Once oil is flowing we may continue to see the gains.

I was particularly interested in Hooter's earlier comments about the inside knowledge on the WPL divestment. Very interesting to contemplate that the oversold position was related to that...makes a lot of sense to me. Especially as i could not fathom the extent of the selloff on questionable Tiof development timing etc. It all stacks up IMHO....therefore if one believes that, then even without Faucon, there could well have been some improvement in the SP...plus the prospect of oil production etc.

Hard to see the price being held back if Faucon is as good as it's looking.

regards
DF