"Exciting upcoming wells include 25% owned Jacala-1 and 50% owned Barque-1, targeting 1.5 billion bbls of oil and 5-6Tcf gas and +500 million bbls of condensate respectively. Success at either could see explosive share price rises"
A bit of a gamble really - question is does one sell pre-drill (and bank sure profits) or hang on during the drilling progress hoping for a hit and that "explosive upside"?
TAP and ROC are both now in on the Jacula-1 prospect with BHP, but TAP offers the best leverage if this well comes up trumps in October, 2005 when it is to be drilled.
TAP Price at posting:
0.0¢ Sentiment: None Disclosure: Held
