RE: Interesting play here...Interesting indeed...
Risk vs. reward here is way better than ENG though. ENG is a wild spec, but here the North Piper exposure is multiples of what ENG is hoping for at Kunene.
Durango alone can support a share price nicely north of current levels IMO.
As for your comment re: dilution, it sounds like sour grapes that you didn't get a piece of the PP because this story wasn't on your radar.
Hmmmm, I wonder why you're even aware of this play now... maybe it has something to do with the wing-ding letter that you could do without?
Be happy that someone has the nuts to bring plays like this to a broader audience. Being long from the 80-90 cents range, I'm quite pleased with the raised profile, though it's making it harder for me to add stock on the cheap!