Correct me if I am wrong, but Victory 1 is not about what's at the bottom of a few holes per se, it's about the potential of the entire Ungani trend, "targeting a large structure"
So a positive result has the potential to change the direction of the SP trend and not just a temporary spike, surely? This is why I'm loading up. Not sure how much longer before they hit the reservoir, but must be a matter of days rather than a few weeks, is that right?
My ST target would be 42c on a positive result and 54c if it's a monster. If dust, downside is limited to maybe 27c, but would bounce back quickly IMO, other drilling to come and oil price in an uptrend now.
I've done well out of oversold SXY recently, so looking at BRU thinking same as when I looked at SXY at 12c ie huge potential upside, limited downside.
