RE:Hoping For Successargaiv wrote: - Exploration: near-term exposure to low risk, high impact two-well drilling programme in Canje Block offshore Guyana led by ExxonMobil.
This portion of the press release makes it sound like there is a good chance of success.
We have had a little uptick but that is to be expected. I am not sure why people jump in at the last minute when the time to purchase was before any announcements.
Be on the lookout for any unusual volume days with a slightly better uptick. The news always leaks out before actual discoluse is made.
Even if they do hit and prove up the 1,000 Mbbl, that won't be huge for us. That would be worth about .43 for our share price. Nothing to sneeze at and I will happily take it. None of us are retiring early though on Jabillo being successful. Not sure how big Sapote is, but at half the size would add another .20 or so. If Canje has half the success as Stabroek, those .10 and .20 will add up nicely!