Hi Folks,
Nearly 8 million by close, that's 12%, huge! Hopefully at least one ssh notice.
Perhaps related to other events:
*A fairly substantial investment in Otto's Turkish gas permits
*A completely unheralded success in recent workovers (not sure anyone outside the company knew they were happening - no mention in Tricom report 27 Feb, on website)
*Two directors buy (token 30k each)
Can't see the connection, but certainly looks like interesting times, and I would say only upside.
Where else do you get an oiler under $bn that 1) makes a profit, 2)Pays a decent divi, 3)has huge, low risk, proven, high margin resources.
EL
Discl: Patient longterm holder, probably slightly in the red.
IPM
incremental petroleum limited
