GREY:ENGFF - Post by User
Comment by
TheRealJRLon Jul 24, 2008 7:07pm
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Post# 15327457
RE: Talking about oil in Walvis bay
RE: Talking about oil in Walvis bayI have witnessed "talks of oil" at quite a few wells, but unfortunately some have proved not to be commercial. As said, the credibility will be investigated and then I will get back to the board as soon as possible.
As some have stated here on the board, if there the new rumour was true about oil, wouldn't the SP be alot higher and the trading volume as well? Could not image that we would be the first the hear about this... BUT I have had information about commercial wells about two weeks ahead of the market which have proved right, but still there were no significant increase in volume. Perhaps investor don't like risk that much right now, they're awaiting hard facts before they buy a share like ENG.
Although I had a look at Tower Resources listed in London the other day and they skyrocketed 300% in May when they just presented the result from their seismic of their block in Namibia. And yesterday they increased more than 20% without any new news. Today they were up another 20% before closing -5%.
https://finance.yahoo.com/q?s=TRP.L