Price down with spooked investors
Probably some of the recent placing investors locking in some profits / getting back their investment.
This is when small investors get spooked and sell. Same thing happen when the share dropped to 0.07, which is unfortunate for those investors losing out now at 0.13 / 0.14 and worse is if they had held and continue holding for a year then could be on $2.00.
So a massive lost opportunity.
Same applies now, so IMHO do not panic. Think in terms of 10 days and then 2 years.
Also re Tunisia, don’t expect news this week, it will be a bonus if we get some, but if we do the share price will explode.
Realistically build your expectations of news in approx. 10 days after the well is acid treated.
2 other bits of good news
Dragon released news yesterday and the Tunisia well budget has not changed from 2 weeks ago.
And Genel have started Seismic in Somaliland, probably in their other block, so the equipment is there and Jacka block is next. Wells planned for Mid-2014, so Jacka will be Q3 / Q4.
Good hunting
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