agree eegbvi, see no reason for SP drop today of 5%, no negative news, just could be an auto as you say, nasty MM's triggering a stop loss to get some cheap shares, good buying opportunity again, I am topping up at this price GLA
thanks for the good info. considering the amount of cash on the balance sheet of rkh they are a better investment then alot of oilers. once the sentiment changes and oil gets past 60 dollars again we should see some takeovers and some good increases in share prices
RKH will likely drill only one more well in 2017 and that will be with PMO to prove Isobel. It now has positive cashflow from the Italian business and will soon have more from the Beech Petroleum deal in Egypt. It has also applied for more Falklands NFB blocks. As to drilling looks like Noble/Argos will be next there assuming they get an extension from FIG (about Oct) leaving the Isobel proving well to after that. Re PMO I really don't know why people keep worrying about it as come… Read More
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