The rotation of the hedge book into put options is top shelf stuff-cheap and you keep the upside.
15 wells next financial year-looks like we have to be holders for some time to come.
Level of disclosure is first rate-a good example for its peers to follow!
See what gives tomorrow on current hole!
If it performs to the max ,worth around 30 cents to STU-take off ten cents for the market run up in the last week or two ahead of the drilling, should see $1.20 plus if wet wet wet!
Cheers,TAS
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