Have not looked at RRS for about a year - but looking at taking a punt.
If anyone can fill me in on the latest I would really appreciate it .
My understanding is that drilling should occur by end of year.
Questions: Do they have the rig in the area - what is stopping rig getting to puntland ( pirates etc etc )? Is the fear about RRS loosing the licence to the Somalian Petroleum company justified - what legs do they have ? Cannot see anymore major conflicts in the north ? Is there still any worries about Conocco Phillips ? And any new news on the off shore.
Like I said trying to do a bit of research but any help would be greatly appreciated .
Chart is starting to look good - unfortunately all on NO volume - although at least it appears that sellers have dried up ?
RRS Price at posting:
8.9¢ Sentiment: LT Buy Disclosure: Not Held
