OGW see significance in director option conversion volume and suspect larger things afoot than TUI production. Horizontal section drilling this week and completion should be 3 weeks. Looking at end July production. Now, after successful option conversion, I see any delay as a positive as this will allow longer for investors to realise and take position before production/spud and see the SP increasing steadily over next few weeks. This is being assisted by an increasing number of broker reports and buy recommendations.
Globally oil prices look to increase with tensions in Nigeria and shotrages in US. U.S economic indicators also looking very positive presently as well which gives confidence to the markets and a lot of money is reentering.
Upgrades/confirmation of reserves will not be given by AWE until production commences and stabilised but it appears very likely that we will see other large significant news in the near future....
OGW have huge PPP holdings and intend on holding through Hector and Taranui.
Exciting times for this company.
Best of luck to al holders
Please DYOR
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