Skin in the game and Noel has progressively built up very...

Skin in the game and Noel has progressively built up very impressive upside imo. With the psychology turning from being a share price pounder to a price pusher I believe TDO provides the most incredible leverage from recent lows. Our SP is primarily announcement driven, jumping fast on news and falling back as the news ages. We are not yet well known so could be volatile and patience required for maximum gain imo, but the high oil price significantly boosts both the desirability of all/our offshore assets plus our negotiating strength. I expect both more farm-in announcements and of continued great quality. It could always change but my opening expectation is 10x on cost, timeframe 2 yrs. We'll see.