chalk it down on a watchlist

""chalk it down on watchlist""

""ACQUISITION: SPS has recently acquired an option to purchase 74% of OOO Bakcharneftegaz, holder of license block 71-1 in the highly productive Tomsk region of Western Siberia. Block 71-1 is located in the South Western part of the Tomsk Basin in the middle of a cluster of producing fields. SPS plans the development for Tomsk Block 71-1 starting from Q3FY12.""

if they hit the "jackpot" with the above, it will be a home run for the company.

things are starting to ramp up right now, thus there'll be plenty of news.

obviously high risk, but the rewards for this tiny cap are huge.

please DYOR

..