Even though some know-it-all posters on I-Hub assured investors the news of the PSC signings would be available "a half hour after the opening," as 12:30pm ET approaches there is no official word of progress on the contracts for Blocks 3 and 4.
But there is an indication from the market that something positive is happening.
After the customary shake that saw share price fall from $0.885 to $0.82, the past few minutes has seen a recovery of increasing strength that may signal a successful signing ceremony.
Once the share price slipped in low volume, it seemed like it took hours to get to $0.83 again; now the bid has hit $0.84 and the Ask is at a stingy $0.845 as volume crosses 2,025,150 shares.
Looks like news to me - but what do I know? Isaid yesterday we wouldn't get word of the signings until after the market closed!
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