Big, if I could add some more general thoughts to that and add...

Big, if I could add some more general thoughts to that and add my theory - The traders will never build anything, they need drilling to talk up a stock to get cash. People should always be careful.

Oil companies drill for oil to get cash to drill for oil to get more cash and so on. Cash is the prize not the oil. The GFC changed the capital markets but some thought drilling was the prize and went crazy spending money because the traders told them to drill for oil.

Cash unlocks the energy you mentioned, not the drilling. We can look at almost every peer over the past 2 years and understand what CR's do to a share price. Those with cash can set the terms. Most CR's are done at a discount to current SP therefore we can understand and inversely calculate the value of our cash. It grows now at $400k per month whether we drill or not. By my calc's our cash is worth about 2.8 times today's value therefore every month if we do nothing our value grows by $3m or 0.004 each month.

Shareprice is irrelevant to this theory, personally I don't care whether the price goes up or goes down. Pretty girls don't need a mirror and at this time market is a broken mirror. I say wait to drill and bank the cash, the oil will always be there.

Obviously this is a theory, and my confidence here has always been built around this theory. I could be wrong and the wealth comes from learning and growing.
Cheers All, back to sleep for me.