Well, I've done my dosh this month well and truely.
GOP was either going to $5 or $0.10 depending on the outcome of their Wildcat at Gilbert-1. They initially ranked the possibility of finding a commercial field at about 20% and as expected this morning they announced that they've got water and despite hydrocarbons being present in the drill mud it is not commercial.
Pity, but thankfully I didn't put any of my own hard earned into it - when it comes to wildcats, I much prefer the ones that have been properly delineated with 3d seismic. The lesson here, if you want to trade a company like GOP on a big drill like this one, you either buy well in advance and sell on spud or wait until they announce what they've got then jump on board.
Onward to 10c and plenty of time to consider my pick for next month...