There is some amazing lack of understanding on here, I mean what is this comment all about:-
"jimtid - 28 Dec'06 - 14:33 - 6579 of 6604
This one is only a baby oiler, cant be given any serious consideration."
So don't consider it and go and buy BP or Shell.
The fact is this is an oil minnow (with a much bigger partner Austral) with a significant find in a very prospective area with the potential for serious upgrading on this prospect, Puk Puk and the adjacent licence just won.
With a market cap of only just over £10m I suggest there is a potentially large upside with very little downside.