Are they flowing oil and gas from the new 4th zone on an extended test?
That's the only explanation I can think of, which would make this great news that is being underplayed.
NCR was a 7-8 well program before RB#1 and now they're talking a 20-25 well program. Could they be on the market looking for further acearage?
Only the UK amatuers (and there are plenty of them) will have had their hopes up for much price action on this announcment. Confirmation of "significant" uplift to P1/P2 figures and potentially additional acearage then price action!
RRS Price at posting:
10.0¢ Sentiment: LT Sell Disclosure: Held