RE:RE:Rights Ok, seems like I have to chase my broker for delivery then, its been a while since they took the money.
Anyway, its going to be interesting to see how the SP reacts now the coming days when all things around the Rights issue settels down. Prior to the release of the rights issue the SP was 0,41 so my teoretical price after is 0,33 dollar (0,41 + 0,25) / 2 , lets see if we quickly comes back to that.
We now have in black and white that 2 prospects from ECOs block seems to spill over to our block, and ECO plans to drill one of them a least, this is a drill that we get for free so say, this is not in the SP yet. With prospective resources 1800 MMBOE (ECO 600) in the same basin and type of prospects I really think we are way underwalued here, lets see. Spill over confirmed from ECOs block and probably from EXXONs also.