Evening Dave,I'm starting to think you might be an EMH convert...

Evening Dave,

I'm starting to think you might be an EMH convert with all this talk about the market getting it right?

On news of the first well results the price went up what, 35 cents? That's $175m added to Linc's market cap from a well that "IF" it were to operate in a no tax, no capex, no opex, no depletion environment can only ever produce $14,600,000 PA assuming 400bbld sold at $100, every-single-day!

Put differently, the market added the equivalent of 12 years earnings from this well under the aforementioned fanciful hypothetical, in a day. The market is not efficient.