Hi cynic.
oilbarrel is well supported, so that's not the reason.
I note that the sp was depressed prior to the conference presentation and is moving back up a little with over 3 million buys.
It's not about today, it's about the drill bit.
Spudding will be in around 3 weeks from my research as the rig is a new one, it's on site and the crew are training before drilling.
As a penny share this is by far and away the best value in respect of market cap of any other small companies in Kurdistan. (Sterling Energy for instance who will probably have to sell some more of their percentage of their license before they get to drilling in Q4 to make ends meet).
GKP have 75% and do not need to farm down any more for the 2 or more drills in the drilling campaign.
No, this one is for me, Addax and Heritage may offer more protection having stuck oil, but the seeps on GKP's license do indicate that their structures are quite likely to contain oil as well, I would hope at least as good as the others and flowing near to the same rate, Addax flowed at 44kbopd.
I have not put the house on it, but if it comes off, I could build an extension by next year.
All the best.