RE: just some facts24 Jun 2021 12:42
Agreed ST
You won't get to 40p without a discovery now IMO. Therefore, once you get to 40p you are de-risked.
You'd only want to de-risk to eliminate the chance of failure, so that needs to be done before the actual well is complete.
If the first well fails, then you may/will see a price drop as that will create uncertainty, and then it will be too late to de-risk.
However, I have no plans to de-risk at all now. All the indications are that they will report something substantial over the next 1-2 weeks, and then I can just relax and know my initial investment is safe.