Freida: Same feeling here, especially since the POO jumped 6%...

Freida: Same feeling here, especially since the POO jumped 6% overnight as the commodity made its first weekly gain for what seems like years.

IF the POO has finally bottomed, things could play into our hands sooner than you think. Am 100% against parting with any % of Ceberus right now, as a CVN asset play owning 100% of a likely hydrocarbon rich asset is not a bad hand to hold.

Only thing that leads me to believe we may put another 1 or 2 holes down this year to 31/12/16 is the fact that Quadrant have the Tom Prosser rig under contract to years end, however hope we don't farm out any of Cerberus to achieve two more wells this year, that is of course if that is the path management choose, plenty of other targets thrown up by all the seismic we are commissioning/ have executed.