"If the drill hits gas and starts to mirror P1 then speculate...

"If the drill hits gas and starts to mirror P1 then speculate shares will rocket to 30+cents overnight. Options will be travelling 15 cents (probably 10 cents)behind the SP."

I think 30c is a bit high personally.They will hit gas,(i.m.o) so the headline will be there.Whether it is commercial is another subject.
I would assume when the announcement comes out next week the shares will already be around 15c and will jump to 20-25 instantly where they will then fall back to the high teens.So obvious what is going to happen it is not funny.