PRM 0.00% 0.7¢ prominence energy nl

Sun Resource - U Bid

  1. 1,987 Posts.
    Anyone notice the U Bid for SUR. This is some serious activity for a small time oil explorer with about 90 Mil shares on issue.

    The Basin Minerals sale, the Aquila move to substantial ownership, the oil exploration (with Vic Petroleum) in the US and the exploration program here in Australia all seem to be coming together at about the same time.

    Added to this the recent issue of options (SUROB exercise price of 15c expiry 30 Jun 05) at a cost of 1c each that are now trading at 4.5c (bid at 4.6 ask at 6.0) and things are starting to move.

    Cheers

    Badfish
 
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