thanks for the chart update FiendishRedbeard, its crazy to think that GBP is currently trading at cash backing given the shear size of the target they are currently drilling in Uganda, not to mention that several global oil giants in CNOOC,ENI,Total,Exxon are fighting each other to gain exposure in Uganda, which highlights the value of their acreage.
their UK partner Tower Resources has already bounced 10% after the recent selldown, so hopefully as the week goes on we might see one last push ahead of results which should be available early next week.
GBP Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held