oil holding over $us 49, page-3

philip_k and shifty

I still believe that the market has yet to factor in Nabrajah's potential - which admittedly is hard to assess on present knowledge. Hence we await DNO's upgrade of reserves expected within a week or so. That too will be preliminary with the really significant news coming after the 3-4 appraisal wells. Could make OSH an interesting play over coming months as interest builds with each well drilled.

H