I was going to try to pick up more post stag profit dump - however with small price jump it is looking pretty appealing now. Price is likely to run up a bit more tomorrow seeing how good that ann was. 2 long zones of oil plus a gas zone is a very positive finding. I especially like the bit about no gas or water mixed in with the oil - just oil.
I think the US prospects justify taking up the SPP.
I'm not sure if people realise just how good the WA projects are. 25% free carried means no outlay until production - and upkeep of a hydrocarbon well is peanuts compared to drilling costs. This is even better than paying 50% to earn 50%.
IMO a $1 stock within the next 24 months.
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