Interesting coverage in The Australian today, my reading of the markedly increased volume and share price upgrade is definitely the Uruguay prospect. It does appear Uruguay is so promising they potentially could divest the Spain play and indeed Texas without negatively impacting the share price.
Mind you it's very early days in the U.S and if it does come good plus Uruguay, PRL could reward shareholders very positively.
My broker reckons the major oil boys are becoming more interested in Uruguay although its early days yet. That would lead to interesting days!!!
Casey and Mitchell may have pulled off the company maker, time will tell.
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