Originally Posted by
temptation
This weeks announcement was just an announcement about a farmin. These exploration rights don't seem to affect the SP - perhaps because they are also a liability given that exploration costs money.
There is speculation during a drill, but it's only when there is a discovery that the SP takes off. PPP took off on the back of the Vietnam discovery, but we are all nervously awaiting the Vietnam government approval of the farmin. The longer this goes on - the more nervous I'm getting. I have sold some of my shareholding.