re: Ann: Carnarvon Enters Farmin for Rangkas ... Looks like they had to rush announcement to market due to info being in public domain. I don't think they have the details ironed out just yet.... usual scenario is paying for the seismic???
market doesn't seem to have taken to this and reserves ann. too kindly, little interest so far anyway. And if the run up from low 50s was in anticipation of the announcements, do we have a sell on the fact scenario?
I thought the market would have appreciated the reserves update a little more than todate.
short term horizons seem to dominate today, end of week and nervous US.
cheers
Stevero
Ann: Carnarvon Enters Farmin for Rangkas Block On, page-3
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