EUROZ SECURITIES has just released recommendation to clients that the KINGIA-1 well will spud friday with very high chances of success, being worth up to 80c a share on result. They say that this is the start of a huge program of 8 wells using 2 rigs over the next few months .
I note how PSA has powered to $1.36 on a little gasfield ........ARQ should be a good performer once we get that same or better head of steam . With all those wells / current cash flow from all operations , ARQ should begin the advance on $2 . Also, oil prices have never looked better! Quarterly should be something special if the recent ORIGON report is anything to go by ?
huge exploration time(s), page-8
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