rrs. my support has been rewarded., page-14

Well the point was to signal the effect of anticipation and why selling now isn't such a great idea IMO, not to show how companies did in general.

All 3 of the companies I mentioned hit dusters in the event, though TRP eventually finished the year 80% up anyway due to their other projects. DES's share price collapsed after 5 consecutive dusters, and AEX closed out the year roughly the same as they started it.

But that means nothing. I was talking about the effect of anticipation.

Some success stories:

XEL= rose from 40p to 160p on anticipation of drilling- (a good comparison with RRL actually, as they were given a 70% CoS in their drill, and RRL's drilling campaign has been derisked by the helium survey too- the AGI website quotes 80% success rates). They struck oil and peaked at 400p (now 300p but this is mostly due to impatient investors waiting for the reserve report).

EO= has risen from 15p last year to 115p at the time of writing, with a fair amount of anticipation following each drill.

GKP= rose from 5p to 11p on anticipation of drilling. Peaked at 200p and is now at 140p. GKP were targetting huge billion barrel prospects similar to ours in Puntland.