Update on today's London trading:GBP up 0.5p on volume of...

Update on today's London trading:
GBP up 0.5p on volume of 375,000

TRP in contrast was up 0.75p (to 7.25p, compared to GBP's 13p close), on volume of nearly 12 mn shares (they have 357mn out).

In fairness, there was a farm-in announced by Petrobras on some acreage near TRP's Namibian acreage, raising hopes for some upside from there - but, since it won't be drilled until probably 2012, it remains the case that the short term will be dominated by the well result in Uganda - and it is even more true now that you will get a bigger bang for your buck re Uganda with GBP rather than TRP, because since the 14th TRP has outperformed GBP by 15% - plug in the updated figures here and check for yourselves:
See http://www.stockopedia.co.uk/forum/view/GBP/2561

ee