wolf cowling hits 237 ft net pay, page-37

Simply non cash. Free cash flow is growing strongly and exploration is back on track with a no. of successful LARGE wells coming in.

They've indicated b4 how the hedging pans out and while it could've been done differently the main thing is that they are well in the money. So the bank gets a small cheque while the Co. gets apporx half exposure to the high oil Price.

Chim, while I can see where you are coming from : if I'm happy (happier) with where this now looks like its going ... you can be. Ask anyone who's posted here for a while.

Still if a bid lobbed tomm I would take some convincing to hold out. Still that may happen sooner than anyone thinks.

DYOR