The upper bollinger band acted as resistance today and the share price is going sideways. Im hoping we breakout on positive new but expect the buying to continue on AIM and we should potentially breakout on friday .
PA mentioned there was an issue when i met here at one of the presentations. I eventually found out after many questions. The pressure was so intense in well 6 that they needed to figure out a new process for the frack . Im presuming it's that change in frack procedure that has caused the delay. High pressure is a very positive sign.
Its looking more likely that were in for one hell of a ride.
Lots to come here.
Well 7 2ds Petrochina 40% up take. To name but a few.
Oilbuy
LRL Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held