The current weakness in the SP may be the result of several things:
1. No news from the coy about progress on offshore JV, Drilling schedule, etc.
2. Relatively no new buying, allowing the SP to be sold down on very small volume.
3. Selling to help cover stop losses on other positions.
4. Lack of clarity on the Political landscape in Puntland.
Hopefully, JV announcement soon, followed by the drilling schedule and rig mobilisation?
cone of silence
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