@AletLeBains IMO 88E won't follow RMP in a 'pound for pound'...

@AletLeBains

IMO 88E won't follow RMP in a 'pound for pound' move because it can't...

This move for RMP is for the WINX-1 drill (noting that RMP & 88E have very similar % ownership).

However, the key difference is that 88E has over 12x more shares on issue than RMP.

So, in theory, every 0.1c (1 tick) that 88E moves up; RMP should move up 1.2c (12 ticks) given they're moving on the "value" within WINX-1

This can be clearly seen as a visual representation on the graphs of the 2 companies.

If WINX-1 is worth the $3/bbl in ground they're saying; the 'value accretion' for 88E & RMP will be $500m to each company.

For 88E that represents an 8c increase in SP
For RMP that represents a $1.00 increase in SP

Note this analysis is ONLY for the WINX-1 well; as 88E has many other irons in the fire. However, due to the close proximity to Spud; IMO the move is solely for WINX-1