Strong buy over next 6 months 31 Oct 2008 08:27
Now that drilling rates are low SNS will be looking into looking for new resevoirs for the future as the date rate to hire rigs has significantly lessened and this will lead to extended activity in the SNS and worldwide. ConocoPhillips are extending their exploration in the SNS in conjunction with BP and may look to buy out lesser companies. So I would buy up to a price of 11p