RE:RE:RE:Statoil Presentation. I don't expect Stat Oil to mention the VLE thing at all. I agree, why pump up something you have to pay for ?? That would be stupid. It is VLE's job to sell it. I should call IR tomorrow and find out what the timeline is on the RA.
I don't like the fact we are suggesting this is going to be in some partner's presentation tomorrow who has nothing to gain from pumping the share price - maybe that $6.12 to $6.05 at the end of day was the guy who put this rumour out there.
Fact is - this is worth up to $197 a share (although it will never get bought that high) but let's not pump it up and then disappoint. The RA has been promised this month, we know it is coming - we have a good idea of what it is going to say...that should be more than enough to support this share price. (In fact volume today indicates more people are jumping in)
Doubleneed wrote: Robert,
You are probably right, legally if it is not proven resources they may not have to report it. This is probably why they have not anounced it yet.