Monkey - Indeed forgot 2nd Jacky holeThat's other upside and better then expected results on Jacky nearly certainly mean increased reserves there.
I think you're wrong about Athena: check out their company presentation on page 13 it says ''Athena HUB Oil Price Play - ready to go''
Then at page 18 it says ''Price required to deliver NPV10 returns = $ 50/bbl'' - we're clocking over $ 70 now. Future prices are what $ 90? It will take them 9 months to deliver. I am expecting Athena announcement in second half of the year.
Merger IAE/AEN is wishful thinking on my side - but hey can't a man have a dream ;-)! I do think it's funny AEN has such a relative strong performance and keeps track of IAE pricing. And I bet AEN's much closer to listen to any good ideas then they were 8 months ago. they're eating up their cash atm.
R.