As I see it they are hanging on the success of Diamondback Energy which continues to report good results in neighbouring blocks.Diamondback have been aggressive in getting new acreage.I'll be surprised if they haven't approached Antares.
Diamondback is one of the few shale oil companies that have pretty well held their sp and Goldman Sachs reiterated a buy sentiment last week.
The worry is that insiders of Diamondback are selling.
Breitburns sp continues to drop even when the POO rose. It's a worry.
AZZ Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
