I know that I should not over-analyse and should just be kicking back and waiting but its getting to me how inactive the trading and volume is at present. In the previous drilling program the excitement and the share price was rising in anticipation. Volumes were up and when oil samples were announced from FAN there was a jump in the share price.
This time there's no response and volume is infinitesimal! I know its appraisal not exploration. But last week we had the discovery confirmed and results described as in line with pre-drill expectations (which are for an increase in volume). Blame the oil price I suppose. Or blame the anticipated market volatility on the Fed raising rates tomorrow. Or we could blame the CR. But I did expect a lot more interest and a lot more volume and I expected the share price to be higher not lower than pre-drill.
Its going to have to be a BIG response to results to make up for this underwhelmed reaction.
H
Too calm for a hugely important drilling program!!
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