I am actually based in Thailand but lived in the UK for 20-odd...

I am actually based in Thailand but lived in the UK for 20-odd years and built up a few contacts in the share trading arena during my time there.

The tip I referred to seems to draw quite a bit from the McCall Aitken Mckenzie note on the Rheochem website. It is right up to date and covers all the blocks they got in the latest round of the North Sea auctions.

http://www.rheochem.com.au/cms/images/stories/documents/Macamac_Disposal_Asset_Review_20110311.pdf

For some reason their target price is 25p (40c) which seems low given cash received and the Athena production next year but they are probably just being cautious.

I agree with Faulkner that there is scope for significant upside from that as long as Athena runs according to plan and the Zeus court case is resolved satisfactorily.