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Similarly I have held since 6.5c range and bought KIK upon the announcement of the JV for Galoc.
Once the oil starts to earn from the end of the March at the rate of approx. $100m per year this will enable Nido to keep their percentages at a MAX for a much longer period.
Sensible dilution will undoubtably take place to reduce risk over time.
With a couple of BIG holes to be drilled late in the year, things should really start to hot up as the year progresses.
A lot of value adding from seismic has been going on since early 07, land holdings have grown to an enviable proportion and surely some big players will be taking interest in all of these proceedings.
A lot of shares on offer, but much potential exists over the next few years. I believe several dollars may be achieved during the next 2-3 years.
Patience, I have ... when such returns seem to be achievable with one of the hottest products, under the control of a very professional company.