GBP was up another 8% in the UK today making a total rise of 35% since Dec 21. The question is why?
In the September 2011 quarterly GBP advised: "Following interpretation of the historic seismic data, the Company commenced a 2D seismic survey of approximately 2,000 kms over its prospective oil and gas exploration blocks offshore Namibia. Processing and interpretation of the data from the new 2D seismic survey is expected to be completed by the end of the year."
I suspect rise since 21 Dec is in anticipation of the results of this 2D exercise being released an being quality.
Will we see 20c+ today?
I have waited a long time for these to perform
K
GBP Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held