philski23 Nov 2010 09:43
yep, saw that, and did you see what happened when they had a problem with a development well thus putting those reserves in question.
SMDR are in a good exploration position because they are generating piles of cash, but the markets lost a little faith in them this year, i lost count of how many dusters they had..... 5 or 6 i think. A FTSE250 company is a lot more resiliant to duster, in fact after the first one in the campain the SP actually rose, but eventually the markets lose faith
One big strike and this will fly over £3