I believe EPR have drilled two wells since listing. Both have been dusters though the last well reently tested was encouraging.......
What you are seeing is typical pre-spud action though in this case for some reason it seems a little more hyped up than usual. Maybe something else in the wind for them with insiders pushing the price pretty hard. I wouldnt be surprised to see a deal or something announced in coming days. EPR gained some market interest recently when they picked up some new permits issued and immediately said their adjacent permits had potential for very large drill targets (billion barrel??). If you scan their last few announcements you will see this.
Note they have yet to announce the forthcoming prospect they are to drill - therefore how can you consider buying EPR on a "buy and hold " approach?? such as many punters here seem to be doing with HDR.
EPR have previously been a great trading stock to buy several months before drilling and then sell at spud - over 50% profits each time. And already on target this time have gone 17c to 26c in a week. They are alos cashed up and therefore there is low risk of a placement happening. That makes a good oil spec.
To consider buying from here is difficult with the run it has already had. Good luck to the holders who bought before last week. I should have been one of them according to my system and arent so I am quietly spitting chips!!
acturtle
EPR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
