GBP global petroleum limited

Can someone enlighten me as to the probable reason for the...

  1. 4,100 Posts.
    lightbulb Created with Sketch. 4216
    Can someone enlighten me as to the probable reason for the current strength in the share price?

    Given that there is not expected to be any developments that could provide anything else than a blue sky value for this stock, I am at a loss to explain it. I reason that the most likely source of long term value will come from the decision to drill wells on its JV blocks offshore Kenya. That decision is unlikely for at least 6 months. Even then it will be many more months before any wells are drilled. I guess one coudl also attribute some "value" to the Falklands JV, but I see that as even more remote in terms of tangible results.

    So what is going on? I think the short term direction on this has to be down from here unless I am missing something.

    regards
    DF
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.