RE: An example of systems used on the rig From Misfit:
This could be the leak we have been waiting for.
That is very punny I have to say.
With all these positive pieces of the puzzle being discussed, it is hard not to get excited here. We are still hugely undervalued but a real rumor should propel us fairly quickly to much higher levels. Does OYL trade anywhere that is open today?
Jaguar has seen it's possible oil content raised a few times to now almost 1.2 Billion barrels of oil. Do we know how many upper targets we had and their potential size? A decent hit on one of these upper targets would still raise our share price substantially I would think and put us in a much better position to negotiate Eagle Deep
It sure would be nice to have Repsol announce a hit in the upper targets...if there is any shorts, they would add lots of fire power on the way up. I do not understand shorts normally but being short on this one sounds like potential financial suicide. Here is the latest shorts:
| OYL - V |
2012-05-15 |
803,373 |
785,238 |
0.25 |
 |
|
|
|
OYL - V |
2012-04-30 |
18,135 |
2,754 |
0.01 |
|
|
|
|
OYL - V |
2012-04-15 |
15,381 |
-328,174 |
0.00 |
That is just shy of 800k shares shorted. I would think most covered before the weekend but anyone that did not must be a little concerned about a possible NR before market on Tuesday.
G.