I would think that the trading halt is for far more than just an update on the spudding ceremony.
Afterall the spudding news is already circulating the globe. AOI/HRN have already announced this and the press are picking up the story.
The trading halt I believe is more to do with a deal with MARAUDER RESOURCES EAST COAST I (MES.V). which has a couple of MOUs for 2 offshore blocks and one onshore block in Puntland.
The spudding by AOI will be the catalyst to get the MES deal going.
Offshore holds a huge potential, but so does the area of east Nugal.
The ink maybe just about dry.
RRS Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
