loki01,
Yep, GBP has a better risk/reward than KAR due to low EV and high % cash left after drilling.
Looking at 3 year chart not much resistance above 30c, interestingly theres a gap at 49-53c. Pre-drill definitely +30c, the rest depends on oil price, general market and risk perception of this well by major shareholders.
Peter Blakey buying at these prices is a good indication.
big day tomorrow, page-15
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