Managing risk in the oil game is something that always jilts a few traders. There is no harm in offloading a part of your holdings after a nice run up in the share price especially when your company is just commencing and oil drill. There is 3 prospective zones to hit and a mountain of oil that could be found. I like the risk to reward alot at these levels and am confident with the director leading his team to success just like he led OMV to success in Tunisia very recently.
ADX Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
