PL has delivered another announcement after the weekly close in Oz.
I know all the doom and gloom types will say it's about time but before you get oil, you have to spud the well so these are the boxes that have to be ticked and this one has been ticked. The naysayers will try to convince us that this is somehow bad news but I am excited to see progress made on this play with a view to seeing what happens with the asset next year.
Initial response is cautiously positive in Old Blighty so hopefully the news will still be fresh enough come Monday morning for a slight bump in SP, unless of course another European country goes belly up between now and then :)
RRS Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held
