Don't be a Schmuck
To think a bullish sign for someone holding millions of cheap shares & options buying a tiny amount of shares in the open market and publishing it...AIM in UK is a non-regulated market with no insider trading reporting requirements. It is worse than the former Vancouver Stock Exchange, now TSX Venture Exchange...Some of you would remember the Horn Petroleum's - controlled by Africa Oil - cautionary tale when it was drilling in Puntland in 2012 with UK listed AIM companies Red Emperor and Range Resources. There were a whole lot of pumping and chat room discussions that went on in Vancouver and London. Horn Petroleum (since renamed Africa Energy) drilled the first well and said they found a working petroleum system and proceeded to drilling a second well by Tulllow. A few months later, they said the "oil" in the first well turned to water and declared both wells "dusters". They also said the "oil" found had moved & migrated away...It seems questionable that Tullow has still not yet announced any concrete data on the Guyana well, merely saying they found pools of oil...We know Tullow is still in a big financial jam carrying heavy debts and this Guyana first-well discovery is not yet proven commercial and the second well is a dud. If they announce anything less than the heavily promoted discovery findings, EOG will likely hit an air pocket and go into a steep spiral.