wpl is a producer and mauritania is only a small part of its portfolio and roc only has a very small % and has allready fallen from $2.60 in the last week.
HDR has a lot pinned on mauritania and is suffering from a string of bad news announcement.
First the Coup , then the wrap over the knuckles for Simons boozy lunch and subsequent retraction, then Sotto dry , and the speculation about which wells have been csemi scanned and which havent.
This well is a salt dome play and was given a high chance of success the trading of the last two days suggests insider selling to me ? I hope im wrong.
$2.09 should prove strong resistance lets hope it doesnt go that low.
The stock is surely undervalued at $2.18 just on ching and tiof alone
At this price there is no blue sky premium for anything else in Mauritania let alone Guyane and other new plays.
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