Today's News Release
Is that all there is?? Prospect this, Prospect that...Potential this, Potential that. No concrete data and no meat on the bones. The Company is not now touting billions of barrels discovered in place. Our friends in London's AIM are talking non-stop in scrutinizing GH's every breath and comments and what the CPR would confirm (to be updated in the foreseeable future), forgetting that EOG is still a penny stock being promoted as such...The chart looks dicey with the 10-day Simple Moving Average (SMA) crossing under 50-day SMA, heading in the general direction of the 200-day SMA @ $1.65 and below...Just look at debt-laden Tullow Oil - the operator in Guyana - which stock had dropped from a historical high of $1,400 GBX and still no Final Investment Decision (FID) in its Kenyan oil asset and, as well, the French & Chinese bailing out in Ghana. It had been 7 years since the Kenyan discovery and over a decade since the Ghana discovered over 1 billion barrels of oil. Africa Oil - Tullow's partner in Kenya and an equity partner in EOG - saw its stock tanked from $12.00 to the current $1.20. The oil curse is alive in Africa and South America. No one cares about O & G exploration these days.