I think the problem is in the absence of real news, people start to post anything. We need updates on the samples from well 1 to determine the quality and the condition for the oil found. At least we will know the chances of finding oil in well 2. We don’t know why management decided to make that strategic purchase of 22% given we have no extra cash left. We are hoping it is not a punt but they know something we don’t and took advantage of Schubach’s situation. Better still we get drilling results this week of commercial oil hit.
PRL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held