Not overly surprised mate. Higher oil will benefit in paying down drilling funds from production. As we all know the value is in the acreage and volume of reserves available.
Weighted average WTI /B price is used to value the acreage and reserve. Sustained higher oil prices can produce some benefit however fluctuations will not drive the SP.
We are though still significantly undervalued imo on the basis of the above facts and evident in the maiden reserve report, at some point sooner than later more HNW individuals will see the advantages on offer
Keep well cheers Paul
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