Someone out there is buying up this stock with a vengeance. There were two/three distinct periods in yesterday's trading where most of the volumes were crossed and SP increases occurred.
Looking forward to the news next week. The field may be a tad bigger than the 5 million barrels suggested. IF fields close by are in the 200+ million barrel mark. Then this column may be in a similar league. early to tell but if we get 100mb ERH is laughing.
Royalties are also very low - 11%
Someone out there is buying up this stock with a vengeance....
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