Looked at some of the other junior oil explorers that have drilled wells recently and if anything the share price has consolidated in the 3-6 month lead up to drilling. Last week was a disappointment, the share price got some good traction and then gave it all back. Probably only gained a bit Friday due to the write up in The Next Oil Rush.
I was saying in the earlier post the trend line or moving average if nothing spectacular happens and keeps trending up looks to be headed for around 65 cents in January. A 65 cents MA would allow for a spike up to 75 cents if **on announcement is good.
However hope this finds some wings soon and proves me very wrong on price estimate.
Looks Good, page-24
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