daytrade diaries... february 11, page-38

hey PLM,

GBP is a bit of a difference beast to the GGP/VIL/SSN trio it doesn't have the liquidity, due to the fact it has about 1/5th-1/6th the amount of shares on issue.

there is no doubt due to the massive nature of their Ugandan target being 100 million barrels, many multiples larger than the GGP/VIL/SSN trio, interest will pick up on news of the well spudding, for those interested take a look at the run up heading into the first Ugandan well where the shareprice peaked at 28c on a target that was not a well defined as this upcoming well.

no doubts there are risks involved trading any oil/gas explorer but some of the downside risk is taken away by the 14c per share cash backing and production revenue from the US.

speculators will jump into GBP ahead of the Ugandan results the question is how far will they be willing to run the price up before the results are known.