As usual, the announcement about the 8 billion unrisked barrels...

As usual, the announcement about the 8 billion unrisked barrels and a 40% chance of a geological success, was met with the same enthusiasm we've come to expect from the Brits.

They finished at 1.7c having ridden it to an intra day high of 2.2c.

Volume was enormous; 68 million.


With what has now been spelt out to the market and a market cap of around 1.5 million pounds, its hardly surprising that risk is clearly being viewed to the upside.