Just relax and watch events unfold. We should all sleep a bit...

Just relax and watch events unfold. We should all sleep a bit more comfortably knowing that the UK is now bedded down.

Mgmt have ticked one of the boxes, which should help put a floor under the price for now.

Watch for news out of Tanzania, with Italy the sleeper (OK, hibernator). That is what will put a rocket under the SP. Could come from a few different angles (seismic, pipeline progress, nearby drill results, corporate activity).

Until then it should be just nice and steady.

If we don't see too much progress in Africa, the next biggie will be the workover of our UK assets.

I expect the SP to gently trend up into next year. Like always, it will probably spend most of its time consolidating, but every now and then it will go for a gallop.

Current market cap of ~$18M is a bit of a joke really (EV even more so), but we do need signs of meaningful progress for the re-rate to occur. It's going to happen.