How good does this look? Everytime sellers have thrown out stock, the buyers rebuild and then push another notch forward. Theres obviously some very positive behind the scenes events unfolding here. After reading about all the to and froing WPL are having with Leviathon, why a major wouldn't just wade into the PRL Spanish gas lease is a mystery to me. The published prospective resources based on the old well logs are massively conservative and with European main gas supply lines close by, a commercial discovery would be eye wateringly lucrative and fast to exploit. All this is a country desperate to do business to get people working and their economy growing. (Hmmm, sounds just like Australia - NOT).
PRL Price at posting:
22.5¢ Sentiment: None Disclosure: Held
