The Annual Report shows what a great platform for growth the company has assembled over the past 18 months. Current reserves over 3 mmbls and with a big drilling programme commencing this Saturday. Worrior #2 is pure cash flow (unhedged) and any reinterpretation here will lift reserves. Then the mighty Arwon-which twins Worrior. Then a small target in an excellent location followed by the big gas play-Doriemus!!! Double the reserves in the next 12 months ? (The Report is very easy to read and sets out what should be disclosed for a change-cf BPT!) Cheers,TAS
STU Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held