@Guggs there is a difference between investing and punting as...

@Guggs there is a difference between investing and punting as you have put it. If this is a punt you can completely disregard all arguments and hope that success comes by pure luck, as an investment you need to consider facts.

Results were roughly in line with expectations and the companies presentation, as other have pointed out the investment case remains marginal here and will require at least as much flow from the next 2 wells to get the company into a workable position, after that they need a bit of luck with the oil price....