It's a shame that the stars haven't aligned with the farm-in announcement.
The fact that Galoc has gone offline for a few weeks and T1 is also unprofitable has certainly dampened the reaction.
Can't ignore the short term operational inconvenience with Galoc (though they do have oil in place to sell) and the cash flow constraints that T1 presents at the moment.
I can't predict the future but my presumption is that we may see a dip in the short term before the steady climb.
** Subject to Galoc and T1 being sorted out of course.
NDO Price at posting:
15.5¢ Sentiment: None Disclosure: Not Held
