Gutfeeling - huge volume today and decent yesterday as well.
A few things could be going on - market realises that P168 could still hold a decent amount of gas/condensate. ORG had it for so long although allocated little time to it. Could the market now realise the potential of P168. BPT is a specialist for these plays, after all they have made great strides in the Cooper.
The offshore prospects are real company makers even for the bigger players. Wouldn't be surprised if ORG and BPT are sniffing around.
Given the trading patterns, I think that one buyer is behind the action.
Time will tell. The company has a huge float of $550m shares. Any bid wont be for much
If a t/o is in the mix, I'd see a bid of 15-20c. Long shot I know but it would be nice...
EPR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held