I too was buying today as I didn't get the opportunity like the rest of you when it was ~14c (maybe that's the difference between having a decent broker and a mediocre one?)...so slow accumulation for me.
Last night I did look into the Mercury report thoroughly (i've looked before but only briefly) and was presently suprised to see the conservative numbers used for both 330 and 440 especially. The NPV is based on an oil average that is prehistoric in nature and the field sizes used in the report are on the very lite side (440 double current est?).
Also, we get a second target in 440. If 440 flows well then the value/credibility of 440 loc2 will be dramatically lifted.
Very happy to be finally averaging in at lower prices and don't mind too much if the low volume selling continues - it is all staking up just like KEY before they flowed Kiliwani.
There will be sweetness to this pain for most.
LSM
ERH Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
