It's a cheap bite o a quality cherry for RMP who have no extra commitments if it's a duster yet can opt in again if the well is a success.
To be fair, compared with other highly speculative drills the past few years, this one for RMP stacks up quite well.
All the leg work has been done by BHP. Good 3d seismic here so it's worth a punt.
Investors in the UK are always keen for a high risk / high reward play and could send RMP's SP as high as 20c pre drill going on past dual-listed coys.
RMP Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held