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twin lion partners today - what does it mean?

  1. hardmano

    15,742 Posts.
    Hard to get any feel for the success of Twin Lion's drilling with the partners all over the place today. ARQ and ROC up nicely, NWE, VOY and HDR down and AWE steady. I guess that the lower cap partners have more to lose if its a duster (ARQ and AWE have other successes to hold them up) so its understandable that NWE and VOY would be sold down pre-results. Ther could be other reasons for HDR's fall - implications of war with Iraq or perhaps the decision to drill in block 7 (or not).

    They most likely haven't reached the reservoir yet - perhaps tomorrow morning's price movements will be more indicative?

    Any comments ?



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