Unhedged, spudding started monday so in the next or two we should hear something. Low volumes, quite illiquid but building a strong base to move forward from. Unlike many other oilers, the downside of a delay or unexpected results will be minimal on the shareprice since it is almost cash backed at 16c. Will sleep better on this one than I have with the likes of VIL and SSN. I am expecting something to be announced next week but I think that right now is a good time to be holding.
GBP Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held