what now?3 Mar 2006 08:12
CHP - all a bit curious ..... i have yet to read and digest the oilbarrel report, but it all sounds very bullish .... however, furst thing this morning, and the price has not moved even a fraction ..... ok, this may be due to the sale at 08:05 of 1 million shares (only £175k), but i would certainly have expected a more enthusiastic reception ..... perhaps it will come later in the day.
For all that, where does that leave CHP? ..... if i have read it correctly, and no doubt i shall be corrected if i have not, CHP has got the licence it was seeking and seems well placed to secure more exploratory rights and all at a pretty good price ...... BUT what CHP seemingly does not yet have is oodles of the black stuff ...... so is it still any more than a better class of blue sky explorer?
Comments please