Does anyone have any theories on why the share price has not moved?
330 started with 60 barrels flow and after they sorted it out apparently was worth 30c a share alone. Surely this information on 430 makes it worth 60c. Even with the uncertainty associated with moving it from a good test result to a producing well surely it should start nudging up?
On top of all this there are all the other targets to be drilled.
The company never comes out with emotive statements and usually relies on cold, hard, boring old facts. This time they have admitted to being encouraged and suggested the positive implications for the rest of the site.
I think it's odd. Everyone has been driving around in a Torana expecting to get a new Ferrari and when it turns out to be only a new Mercedes we're all having a good sook. This is the only rationale I can find for the share price.
ERH Price at posting:
21.5¢ Sentiment: LT Buy Disclosure: Held
