agree Richard, the delays have been disappointing to say the least both with the current rig and the non eventuating second rig.....and all this against a gloomy global backdrop. Thus the SP has suffered and the op price with it. But as you point out a small investment here could buy a lot of options. You could stand to lose the lot but then again if the Greek election this weekend were to go the right way (indications are that it well might), and if company news were to suddenly turn around and we found ourselves with 2 operating rigs then the ops could easily 3,5 or 10 bag very quickly.
Certainly there seems to be some risk here but with enormous short term potential upside in the ops.
EXE Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
