something needs to happen, page-2

Mate I feel ya!

I too have had the odd night thinking of whether to hold or leave for where there may be more action.  So far I've held.

AGM has been delayed to Jan I believe to accomodate the UIL TO.  I'll give them till then.  Hopefully before then we'll get more info on Jaws and its commerciality and capex required.

I'm guessing they may be getting stuck soon with the knowledge of  a commercial reserve in the Cooper but requiring a significant capex from which they are unsure how to get funding.  Thus perhaps delaying until they have a proper plan on how to ramp up production at scale with secured funding which would be best for existing shareholders.

Basically if they said Jaws was commercial and need a couple of hundred million dollars to scale her up, then I think they would have been swamped by SPP offers if the capex/Tcf was cheap enough.  Problem is they're doing an SPP for a TO and not for Jaws production.