perhaps sovereign risk..any prospecting action near Sudan would be enough to scare some. It may go the same way as Elixir's adventures into Sierra Leone. Regardless, the company's market cap is still way too low considering its cash backing and lack of debt. price of oil is improving, and GBP appears to have been trending upwards the last couple of days. I anticipate that as it gets closer to the drilling date, there will be a spike in interest and some good $$ to be made for us investors
GBP Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held