Ohhh FFS. I dont know why I even mentioned the Roch77 now…. What a ball buster. However - full disclosure - I am in IVZ nearly as much as MAY - i believe both companies are the most desrisked for oil discovery in the current 6 month window. Both have their challenges - with MAY closer to the end game and price re-rate than a September spud for the other player. I believe the trickling out of results might have been a “too clever” strategic move by AP to get the SP above 12c for the 20 days to gain the performances bonus shares….. I do however believe it will overshoot 12c quickly with good flow testing and would likely hover above that price looking in to spudding A3 drill. Looking forward to analysis of U3 and subsequent flow results of the Amistad units in the next week or two - if the logs are anything to go by …it should deliver some very promising results.
MAY Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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